These are my Monthly Expenses – April 2025!
Why track your monthly expenses?
Because budgeting, planning, and learning how to manage your finances is an essential component to achieving financial freedom.
The key to building wealth is to spend less than you earn and wisely invest the difference.
Over the past 8 years, I have managed to save over 50% of my income each month.
More money saved means more money to invest. Using the model of dividend growth investing, I am on course to achieving financial freedom.
The results have been amazing!
Over the years, I have built a six-figure portfolio that generates dividend income each month.
I am currently making over $1,300 in passive income each month while I sleep.
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April 2025 Monthly Expenses
So here is April 2025’s expenses:
- Rent: $614.34
- Utilities
- Electric: $45.21
- Gas: $23.25
- Internet: $93.00
- Cell Phone: $35.00
- Food & Supplies: $411.34
- Miscellaneous
- Amazon: $74.06
- Metro: $43.50
- Medical: $20.00
- Haircut: $45.00
- Uber: $44.85
All in all, my expenses for April 2025 totaled: $1,449.55
Overall, there was a decrease in expenses compared with the past 3 months.
This is because medical expenses from my recent health scare have all but been paid for.
Amazon purchases included a floor fan, some headphones, and a surge protected power strip.
The rest of the bills were pretty much the norm. I consider that a good thing.
I am still saving over 50% of my monthly income and investing the difference.
That is the way to build wealth!
Dividends Vs. Monthly Expenses
I also like to compare my monthly expenses with my dividend income.
Once passive income is greater than living expenses, then financial independence is achieved!
Now let us compare my monthly expenses to my dividend income.
I will compare my expenses to my April 2025 dividends and my average yearly dividend income going forward.
As of this post, my portfolio is set to generate $16,313 in dividend income over the next 12 months.
- April 2025 dividend income: $844.35 = 58.2% of my expenses covered in April.
- Average monthly dividend income: $1,359.46 per month = 93.8% of my expenses covered in April.
Conclusion
Thus, this concludes my monthly expenses for April 2025!
Soon, dividend income will be covering all my monthly expenses!
I will continue work towards my goals and build my dividend dynasty!
So, how about the rest of you? Do you track your monthly expenses? Also, how close are you to covering expenses via passive income?
Let me know in the comments below!
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