Last month was not one of my better months for savings as I recorded a year low savings ratio of only 42%. I kept that data point in mind heading into September. Now that the month has closed and all my credit cards have been paid for, it’s time to see how I did in September.
September was a great month for savings. I cut down on spending, and did not indulge in any new hi-tech purchases 🙂 By doing so, I was able to save 64% of my net income. After subtracting 401k contributions and the re-invested dividend payouts, I had $3000 remaining to invest. I used this tidy sum and took advantage of some of the discounts that Mr. Market presented to us. Although the market as a whole was still pricey, I scored bargains on: EXC, NSC, CSX, and INTC.
Coincidentally, each one of these holdings also pay out on the same month. By securing these purchases after their respective ex-dividend dates, I was not able to to make the cutoff to receive payment for September. As such, I will have to patiently wait until December before I can reap the benefits. I am expecting quite an increase in payout during that time, so that will be my Christmas present to myself.
In other news, the rental property has also been making good progress. I haven’t posted any news in awhile, which is definitely a good thing – it means things are going smoothly! *Knock on wood* I have set up the mortgage payments to auto-bill and I now receive rental income via direct deposit. It makes the whole process so much simpler! I haven’t yet had to pay for any property taxes, so for the time being, I am netting $800/month in rental income. Although I have to make sure to stash some of this away for taxes, emergencies, etc., I do now have an additional source of income at my disposal to use to generate more investment income.
Lastly, September was my best month for dividend payments year-to-date. I generated over $200 in a month for the first time. By year’s end, I expect to also reach my first $300 month payout. Good stuff.
Here are the dividend payouts: