This is my January 2026 – Monthly Expense Report!
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 9 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 $1,400 in passive income each month while I sleep.
You can Subscribe for more great content and updates on my financial journey!
January 2026 Monthly Expenses
So, here is January 2026’s expenses:
All in all, my expenses for January 2026 totaled: $1,624.35
Well… the board raised my rent by 5% which means I went from paying $614 per month to $645 per month.
It sucks, but they have kept the rents stagnate for 5 years so I am grateful. Compared to other places that have raised rent each year.
Other then that, below zero temperatures meant I was taking the subway to and from work rather than walking. Hence the Metro expenses.
And finally, I bought a birthday cake someone! All good!
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 January 2026 dividends and my average yearly dividend income going forward.
As of this post, my portfolio is set to generate $17,417.72 in dividend income over the next 12 months.
- January 2026 dividend income: $955.97 = 58.9% expenses covered.
- Average monthly dividend income: $1,451.48 per month = 89.4% expenses covered.
Conclusion
Thus, this concludes my monthly expenses for January 2026!
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!