September 2017 Income & Expenses

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At the end of each month I provide a recap on all the income I earned from dividends (brokerage account only), blogging, side hustling, and working at my good ol’ 9-5 as a data analyst. 

Related: August 2017 Income Update

This is also the first month I’ll be documenting my expenses because it’s the first full month I have spent living outside of my parent’s house. Prior to this month, my monthly expenses were too low to even blog about (which is obviously a good thing). Now that I have my own apartment, my expenses have increased noticeably.

The reason I share my raw monthly income and expenses is because I have always found it beneficial (and inspiring) to actually see the real numbers behind a bloggers financial journey. I love talking about ideas on how to become better with money, but I think it’s helpful to show a behind-the-scenes look at how I’m actually managing my own money.

Income

Here’s what my income looked like in September along with the previous three months. All of these numbers are post-tax.

Monthly Income Streams
  June July August September
Passive
Income
CVS Stock      $9.56  
KR Stock  $4.80       $5.02
WPC REIT    $96.00    
OHI REIT      $82.56  
VDC Fund    $10.37    
VYM Fund  $11.33      $14.54
Ally Bank Interest  $2.56  $2.07  $3.94 $6.37
Blog Income  $51.14  $291.92  $644.74 $359.81
Side Hustle
Income
Statistics
Tutoring
$765 $490 $45 $0
9-5 Income
Data Analyst $3,246 3,995 $4,528 $4,334
Total Monthly
Income
$4,080 $4,808 $5,313 $4,719
  June July August September

Here’s my September income broken down by type:

incomeSeptember2017.PNG

Expenses

Here’s what my expenses looked like in September:

Monthly Expenses
Expense Amount
Rent $611
Groceries $222
Entertainment $98
Gas $91
Dining Out $81
Utilities $80
Phone $33
Other $27
Uber $23
Total $1,266

The Net

Here’s what my income, expenses, and net savings looked like in September:

incSeptember.PNG

expSeptember.PNG

netSeptember.PNG

September Savings Rate: 73%


Recap

My income dropped a bit this month due to a few reasons. My workplace was closed on labor day and I don’t have any PTO to use, so I just got paid for one less day than usual this month. Also, I didn’t pick up any statistics tutoring jobs this month. The blog income also dropped a bit, but the traffic increased yet again which is a positive sign. 

In the short-term, it’s easy to get a little sad about drops in monthly income, but I’m not concerned about month to month fluctuations in income because I’m maintaining a long-term focus. I care more about seeing my income trend upwards over the years, rather than over the months. 

It’s interesting to finally see what my monthly expenses look like now that I’m living on my own. I’m actually pretty happy with this month’s expenses of $1,266.

I do almost all of my grocery shopping at Aldi, which is conveniently right down the road from my house and their prices are unbeatable. I’m not actually sure if spending $222 is considered a lot for one person but it seems reasonable to me. I dropped $81 on dining out this month mostly on Chipotle and Subway. My phone bill jumped up to $33 mainly because I’ve been calling my parents more often. Parents are important so I’m cool with that bill. 

Overall I’m pretty pumped about a savings rate of 73% and at this rate I’ll be able to consistently dump thousands of dollars each month into my brokerage and retirement accounts. 

That’s all for this month, thanks for reading 🙂


My favorite free financial tool I use is Personal Capital. I use it to track my net worth, manage my spending, and keep an eye on my monthly cash flow. It only takes a few minutes to set up and it makes tracking your finances simple and easy. I recommend trying it out.

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8 Replies to “September 2017 Income & Expenses”

  1. I love that great savings rate! I think $200-ish is a great grocery average for one person. We try to stick to $400 for our two-person household on groceries. I really like the graph you’ve made of active vs. passive income as a visualization.

    1. Thanks, Kate! The big two factors that enable me to save so much are simply having a well-paying job and living with a roommate. Hopefully I can maintain this savings rate over time and even increase it gradually.

      Thanks for the kind words 🙂

  2. Great month and 73% is an awesome rate! Looks like you can keep that up with ease as it can increase even more with tutoring income added 🙂

    1. Thanks, SMM! I do hope to start picking up some tutoring clients again, it adds a pretty significant boost to my monthly income. My 9-5 salary is fixed, but the blog income and side-hustle income are two areas I could really ramp up to increase my savings rate even more.

  3. Dude, you’re making bank for salary – especially compared to your rent. I’d forget about the tutoring – it’s not residual. You don’t need money now.

    I typically read you on desktop, and I’m going through all your post notifications now (about 12 of them). You can put ads on the sidebar of the template to earn much more money each month, especially with traffic.

    You’ve inspired me to update ScrubMoney. Would love to colab – I’ll send out a contact when ready. Keep up the good work, Zack.

    1. Thanks, Robert! My rent is ridiculously low compared to my salary, which is exactly how I want it. I have backed off the tutoring a bit lately to spend more time blogging, but I’m not opposed to tutoring on the side since I can typically earn $40 per hour with it quite easily. I have considered putting ads on the sidebar but I prefer to keep the blog as minimalist and clean as possible, even if that means sacrificing some ad revenue. Definitely drop me a line if you want!

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