August 2018 Income, Expenses and Savings

(2 Minute Read. Enjoy!)

At the end of every month, I grab a cup of piping hot coffee, and sit down in front of my laptop to finalise my monthly income, expenses, and savings. Without further ado, here are the numbers.


Thoughts on My Income:

I received $170 of dividends from my stock portfolio! With the bank interest that I get every month, that’s a whopping $250. Alright, I get that it’s not exactly “whopping”. But it’s certainly something (at least to me), and I’m stoked about it.

$250 for doing absolutely nothing but letting my money work for me? That’s amazing.


Thoughts on My Expenses and Savings:

As usual, I’m pretty happy with my expenses this month. Nothing crazy, nothing out of the ordinary. I did manage to bring down my food and transport budget by a little, which boosted my savings a bit. That’s great.


The Progress I’ve Made:

4 more months in the year, and only 32% to go.

I’m really excited for the end of the year!


And That’s it for this Month’s Income and Savings Report!

I try to maximise the use of visuals (charts) and minimise my random musings, to keep these reports as simple as possible.

Hopefully, you enjoyed this or took something away from this.

The plan is to do up regular monthly income and savings reports. These monthly reports will detail my income, savings, and expenditure every month, down to the nearest $5 or $10. If you’re interested, you can check them out at this link to see how much I’ve saved and the progress I’ve been making.

Thanks for reading!



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  1. Wow, your expenses are still a sight to behold.
    And to save that much on your income.
    Way to pick up the tutoring gig… sounds very Zach at 4PF… what do you tutor?
    Also, where do you get the amount of your dividends…that is one thing I haven’t figured out yet as a newbie investor.
    That bank interest is kind of a lot! Wow. I think I get like $6 a month. I probably need to look into this. Is that an online bank?
    Your side income is much more than I made with a bona fide part time job as an adjunct!!!

    1. Thank you! Here are my replies to your questions 🙂

      1. I tutor only elementary school kids for math and science. I don’t earn a lot from tutoring because the stuff I’m teaching isn’t too difficult. I could earn more by tutoring higher grades, but that involves a lot more preparation work! So I earn more money by tutoring more. I have to admit that it’s tough though, my days can be quite long.

      2. I invest mostly in bond and stock ETFs! My bond ETF pays out about 2% dividends a year, and my stock ETF pays out 2.5-3% a year. I only get dividends twice a year though.

      3. Yes the bank interest is quite a bit! Nope, it’s not an online bank. I opened a high-interest yielding bank account with a local bank in my city. Ally Bank is paying 1.8% p.a. of interest, perhaps you could check that out!

      Haha, I think that’s because I hustle a lot! It’s extremely tiring though. And I’m thinking of cutting down my side hustles to spend more time on blogging. But then again I don’t want to lose my income so this is something I have to think about!

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