Monday, August 29, 2016

Personal Passive Income and Expenses Monthly Report - August 2016

Hi Everyone!

This post might come a bit early but just two days won't make any much difference. I just got my recent salary increment, which is around $200, feel very happy because an increment is an increment, and I have hit my targeted salary, making $4,000 per month!

One target achieved, 4 more to go! 

Secondly, I just received $64 worth of dividends from Singtel, which is a good thing and this raise my passive income in 2016 to $1,405.65! Well, it might be little, but my actual investment journey starts mid of next year (after I purchase my first property).

I am on my way to hit my goal for myself of generating $1,500 worth of passive income before I hit 28 years old. My investment is still float above $3,000 for now, generating around 4.2% dividend yield per year I guess.


Savings and Expenditure - August 2016


Based on the graph below, my expenses break down are as below (pretty much the same as last month) - but the good thing is that all the target are green! I didn't exceed any of the category:

1) Travel: $120 (Planned) VS $120 (Actual) - I bought adult concession so the amount is fixed
2) Food (Weekday): $160 (Planned) VS $122.20 (Actual)
3) Bills: $120 (Planned) VS $65.13 (Actual) 
4) Entertainment: $120 (Planned) VS $119.75 (Actual)
5) Others: $580 (Planned) VS $511.00 (Actual)

Overall: $1,100 (Planned) VS $938.08 (Actual)


150K progress - August 2016

As of now, my savings is around 75%. 25 more percent to go before I hit my target, which boils down to around $37,500 more to go!


Conclusion - August 2016

My expenses is under controlled, but hard to say for the next few months because of my wedding expenses. Well, $37,500 more to goal to hit my target, hope I will achieve that goal at the mid of 2017. I believe my passive income will generate around $160 per month by the end of this year. 

Also, very happy that I achieve one of my goal which is hitting $4,000 monthly income and hope I can reach my target soon enough! Can't wait to buy my first property and start my investment journey full time!

2 comments:

  1. Congrats ! for achieving $4000 monthly salary ! also, increasing passive income ,, slowly and steady !
    Cheers :)

    ReplyDelete
    Replies
    1. Thanks! However, I still have a long way to go in order to attain financial freedom! :)

      Need to work harder to achieve my other goals!

      Delete