In Budget Roundups

June 2016 Budget Roundup = $506,737.70 or an increase of +11,384.98 or 2.25%

WHO MAY END UP A HOMEOWNER SOON?

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This girl.

More info to come at a later date. I’m pretty excited and will lay out all the cash & numbers once it’s completed.

It will save me about $200,000 in the long run if my math is correct.

INCOME = $0

EXPENSES = $1843.05

WHOAAAAA. I’m quite pleased. 😀

save-spend-splurge-june-2016-budget-roundup-expenses-pie-chart save-spend-splurge-june-2016-budget-roundup-top-5-categories-of-spending

NET WORTH = $$506,737.70 or an increase of +11,384.98 or 2.25%

#BREXIT.

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save-spend-splurge-june-2016-budget-roundup-net-worth-past-year

BABY BUN’S NET WORTH = $13,676.12 or an increase of $438.09 or 3.2%

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DIVIDENDS

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As you can see I’ve upped my dividends game.

My capital has not changed, but my dividends have gone up by $300 a month approximately. I’ve been pushing my cash into dividend share purchases.

I need to make about $18,000 – $24,000 in dividends to live ‘bare bones’ style.

Ideally, I want $50,000 in dividends so that I pay $200 in taxes.

On average, I clear about $550 in dividends each month right now which is $6600 a year.

I need to make up another $12,000 in dividends and I can live off my investments with very minimal spending.

I’d need a capital of another $500,000 to make this happen.

It’d be neat to live off dividends or at least to have that as a plan B or C while I am not working.

For now however, I still plan on putting it on a DRIP to buy more shares until I actually decide to take the money in cash instead in 10+ years.

…and I am still going to work.


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Sherry of Save. Spend. Splurge.

I got out of $60,000 of debt in 18 months using TheBudgetingTool.com. Since then, I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K (savings rate = 85%). I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I also post daily on Instagram @saverspender.

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8 Comments

  1. C
    Chi

    Sherry! Love the blog! I’m curious what vehicle you kept your emergency fund in? (i.e. Money Market, Checking/Saving, etc)

    Reply
    1. sherry@savespendsplurge.com

      High interest savings 🙂

      Tangerine is offering 3.1% until September, and if you don’t already have an account, you get $50 if you use my referral: 32726976S1

      I get $50 too.

      Other good banks: PC financial and EQ Bank.

      Reply
  2. J
    Julie

    which dividend stock have you been buying?

    Reply
    1. sherry@savespendsplurge.com

      At the moment Enercare and Rogers Sugar.

      Reply
  3. L
    Leigh

    Good luck with the house stuff! I’ll keep my fingers crossed for you 🙂

    Reply
    1. sherry@savespendsplurge.com

      SO MUCH DRAMA. I am unsure whether to write about it, it was so effed up.

      Reply
  4. r
    raluca

    Good luck future homeowner! I hope everything works just the way you want it!

    Reply

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