JUNE 2023 DIVIDEND INCOME AND EXPENSES

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How y’all doing?

Another update on my June dividend earnings and expenses is provided below.

When I was looking through my notebook, I saw a note I had made to myself from the previous year, advising me to set aside more money in case of a potential recession at the start of this year.

Whelp!

The first half of the year is already gone, but the year-long downturn they predicted has yet to occur. The so-called experts were always warning everyone to brace themselves for the impending recession last year, and it was impossible to switch on any media channels without hearing them.

Personally, I think we already have had a mild form of it. It’s Q1 and Q2 of 2022 that I’m referring about.

The International Monetary Fund claims that a recession is typically characterized by a 2% decrease in GDP. The typical output cost is close to 5% in cases of severe recessions. At the time, the high cost of the products made it seem as though we were already experiencing a 2% decrease, even though we had yet to reach it.

According to the Department of Labor, employment in the United States is increasing, with more than 310,000 workers being added to payroll each month, in spite of all the media hype and the recession forecast for the second half of the year.

Although there is good news all around, I don’t think it will last for very long because the market is still volatile.

Dividends for June 2023

I received $76.18 for the month of June. I’m hoping to earn my first $100 in dividend income by the first quarter of 2024. I’m very excited about this.

June 2023 Expenses

Conclusion

June was a rather miserable month. Due to the sellers’ decision to postpone the closing date, we had very little time to pack all of our stuff and return the apartment keys.

Other than that, everything went smoothly.

Since we now purchased a house, I anticipate that my expenses will progressively rise starting in the upcoming month. I do have a plan for how we will rebalance the household budget, but it will take at least three to four months to really grasp how everything will work.

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