March 2012 Monthly Expenses

Meeting my savings goals for this month was definitely more challenging than in previous months. For one, the weather has started to improve drastically since the onset of daylight savings. Also, I managed to go on two separate snowboarding trips this past month. Though I own my own gear, the costs spent on: gas, food, lodging, lift tickets, etc. clearly add up very quickly. I don’t regret the decision to go, however, and I have convinced myself that sometimes it is necessary to ‘let loose’ a little and just have fun and enjoy life! Granted, I generally look for cheaper means and alternatives to do so, but sometimes you just have to spend a little. It always comes down to balance, and I feel that a balanced life is the one most worth living. Though this detracts me from my goals for this month, the memories and time spent with close friends and families during this trip are priceless. By no means have I given up on aggressively saving, though I will have to compensate by being more thrifty in the upcoming months. I look forward to the challenge!

Note: Expenses are also much higher this month due to a once-a-year car registration fee… and a season pass for snowboarding next season 😉 This one hurt the most, but by purchasing early, I did get in on the lowest rates for next season. It should pay for itself in 4 to 5 trips. I plan on going much more than that to get my money’s worth!

Rent $750.00
Utilities $15.00
Internet $15.00
Food $180.07
Gas $127.55
Phone $50.00
Other / Fun $966.28
Total $2103.90
Expense Ratio 41.06%
Savings Ratio 58.94%


In other news, I also received my first three dividend payouts! Although the amounts are minuscule at the moment, I am ecstatic with the thought of them increasing each time in the future. At the moment, I am using DRIP (Dividend Reinvestment Plan) for all my dividend holdings. For those who don’t know what DRIP is, it is simply using the dividends earned to repurchase shares in the same company. Most brokerage firms allow you to enroll in DRIP for free. The benefit is that the typical transaction fee you pay your broker for stock purchase is waived, so that the shares are purchased for you free and automatically.

Conocophillips(COP) $18.48
Seadrill Limited Shs (SDRL) $32.00
Pepsico Inc (PEP) $20.60
Total $71.08


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3 years ago

I know this post is ages ago although wanted to say awesome to hear about your first dividends there :)!
Looking forward to reading through, learning about more dividends payments you’ve received plus how your FI progresses