May 2019 Dividend Income And Expenses


I think May has to be my favorite month of the year to live in the Pacific Northwest.  Everything is green and blooming from previous rain showers, and the weather finally gets warm and dry enough to spend an entire day outside with the family.

Most of the year here is cold, cloudy and wet.  We spend a lot of time indoors playing board games, reading books, watching movies, hanging out with friends, and trying to stay dry….

But when spring finally rolls around, it represents a major lifestyle shift for the Tako family.

The clouds finally disappear, and our lifestyle transforms into one where we spend tons of time outdoors.  This is exactly what happened in May!

For example — Instead of going home right after school, I began taking Tako Jr. to the park and letting him play on the equipment.  It’s a great way to help him burn-off that excess energy.

park time
Tako Jr. #1 loves his park time!  We started to go to the park a lot more in May.

On weekends, Mrs. Tako and I try to plan at least one major outdoor family adventure.  Usually this takes the form of bike riding, hiking, or some form of outdoor activity.

hiking in a forest
A recent hike not far from our house.  One of the best parts about the Pacific Northwest is the availability of good hiking trails.

Even our littlest octopus, Tako Jr. #2, finally has the size and stamina he can get outdoors and do some serious adventuring.  On a recent hike he managed 4 miles without too much complaining!  Hurrah!  No more strollers for this little dude!

big tree
Tako Jr. #2 enjoying the sites and sounds of mother nature.

Mother nature really does provide some of the best free entertainment around!  It does absolute wonders for our entire family’s happiness to just get outside and breathe in all that fresh air…

But what about our finances?

 

Dividend Income In May

Dividend income in May amounted to $700.  Clearly, this isn’t a large amount.  May is not one of our bigger dividend months.  No need to worry however, this lower dividend amount is entirely expected.

Dividends are paid by our investments quarterly.  This means March, June, September, and December are the really big dividend months of the year.  Meanwhile, ‘off’ months (like May) tend to be on the lower-end of the dividend dollar scale.

cumulative dividends for may 2019

For the year so far, we’ve happily collected $16,465 in dividends.  This is $2,162 ahead of where we were last year.  I’m fairly pleased with our dividend income thus far.  I expected there would be a little growth due to newly invested funds (and a few dividend increases).  This is slowly proving to be the case in 2019.  Slow and steady wins the race!

At this rate, we should be in good shape to reach our 2019 dividend growth goals by December.

 

May Expenses

Expenses in May amounted to $4,819.  This is a very average level of monthly spending, despite there being a couple of “surprise” expenses this month.

Personally, I think any month that comes in under $5k, is a darn good month!

may expenses by category

Food

Food expenses returned to our “regularly scheduled program” after a rather expensive April.  I worked harder at shopping grocery store sales in May, and this paid-off with considerably lower food spending at $387.

We tend to average around $500 a month on food, so having a less expensive month like this is a very good thing.  (It gives us a chance to splurge a little in the winter months!)

How well do we eat on only $387?  I think we eat extremely well on this amount of money, but opinions always vary on these things.  Everyone has different standards and expectations for what they consider “living well”.  I think it’s just easier to post photos and show people.

For example, my favorite meal of the month had to be these slow-cooker dry-rub ribs.  The grocery store had a nice sale on ribs, and I couldn’t resist.


dry rub ribs slow cooked
Yes, I really do make these ribs in the slow cooker!  They turn out fantastic every time!

Our most expensive meal of the month had to be the sushi party we held.  We do sushi parties like this a couple times a year, and the results never fail to delight the friends we invite over.  The sushi spread fed about 9 people, with plenty of leftovers.

sushi party

Not every meal is that fancy of course.  When I’m feeling tired or sick, I just put the meals on “easy mode”.  This spaghetti with garlic bread and broccoli is a perfect example.  I was sick, and just didn’t feel like cooking that day.

basic spaghetti

Lately, I’ve also been trying to cook more Thai dishes.  Thai cuisine is one of my favorites, but I really hate to go to a restaurant for something I can make just as good (if not better) at home.

Here’s two Thai curries I made in May — A panang curry and a green curry.


panang curry green curry
Homemade phad thai also happens to be a staple in our household.  I’ve been making this favorite for so long I don’t even need to use my Phad Thai recipe anymore.

Cooking meals at home is a delicious way to live, but sooner or later the refrigerator gets a little too full.  The leftovers and odds and ends begin to build-up.  When that happens, I usually whip up a quick fried rice meal.  In this case, kimchi chicken-bacon fried rice.

kimchi fried rice

I literally used day-old rice, some leftover chicken breast, leftover broccoli, some eggs, kimchi, some cabbage, leftover cucumber, and I think there were even a couple of slices of bacon in there too.  Random stuff out of the fridge.

If you want my vote for best “kitchen sink” recipe to clean-up leftovers, then it’s got to be fried rice.  Fried rice is one of the easiest and most delicious ways to clean-up ingredients ever!

Sadly, I forgot to take pictures of tacos this month.  (Yeah, I know… what the hell?)  Rest assured, we still ate plenty of tacos in May.

 

Fuel

Fuel spending in May totaled $120.  Personally I did A LOT more driving than in previous months.  With Mrs. Tako out of town for a week, I needed to pick up both kids after school.  This meant I needed to be in two places at nearly the same time.  Driving the car was the only way to even come close to achieving this feat.  (Sadly, time travel wasn’t an option)

On a typical day, I try to use my own feet instead of driving.  It saves money and it helps keep me healthier than if I was to drive everywhere.  Now I only drive when I need to go a really long distance OR for a weekend family outing.

 

Mortgage & Childcare

As usual, mortgage and childcare expenses were our two largest expenses in May.  These two items totaled $3694.  This is where the bulk of our monthly spending lives.

Unlike many families however, these expenses are optional for us.  Using spare cash we could easily pay-off the mortgage.  If I wanted to, I could also take our youngest son (Tako Jr. #2) out of daycare, and erase that cost too.

For now, we’ve decided to keep these two expenses because of the flexibility they provides us.  On one hand, not paying off the mortgage means having plenty of spare cash to invest (should good opportunities arise).  On the other hand, Tako Jr. #2 also gets to attend his language immersive daycare (It’s a completely non-English daycare).

Long-term, I continue to believe both expenses will be good value for the money.

 

Internet

Our internet expense clocked in at $35 for May.  This expense was lower than usual because the cable provider charged me too much in April.  Normally we pay $49.95 a month for 60Mbps down and 5 Mbps up cable internet through Comcast.

This is plenty fast for our purposes, and (thankfully) the price of our internet plan hasn’t gone up in two years.

 

Utilities

Despite lower spending in many of our May categories, utility spending came in higher than usual, at $407.  Mostly, the higher utility costs can be attributed to timing — May included two power & gas bills.  One bill for last month, and one for this month.  These two electricity & gas bills amounted to $173.

Meanwhile, our water bill was $234.  This is a bi-monthly bill, but it seems like a very large bill to me!  What do you guys pay every month for water?

With two kids I guess we do use plenty of water — washing, lots of laundry, doing the dishes, taking baths, and watering outdoor plants (only necessary in summer).

 

Insurance

Our monthly insurance bill totaled $0 again in May.  Whenever possible, we pay the entire year all in one go.  For example, our car insurance is paid once per year.  This is a large expense, but most insurance companies give significant discounts for doing it this way — so it’s actually cheaper.

Our last big insurance bill was back in October 2018.

For the curious: We do have home-owners insurance.  It’s included in our mortgage.  I don’t normally break that number out here in the insurance section.

 

Other

The “Other” category in May amounted to $176.  This expense category included:

  • New queen size sheets for our bed – $53.89
  • Our annual cell phone bills (prepaid for two phones) – $56.90
  • A large heavy-duty tarp for camping – $32.77
  • Red landscaping bricks and soil for my backyard landscaping project – $32.74

The new sheets were purchased online through Overstock.  It had been a long time since we purchased new sheets — but you see the missus finally decided that holes in the sheets were no longer an acceptable form of bedding.  (I argued that holes actually added ventilation for summer, but she wasn’t buying that.)

For our cell-phone bills, that $56 top-off will last the entire year.  (FYI: We use a grandfathered prepaid plan from T-mobile.  It’s no longer available to new customers.)  This works out to be $2.37/month.

The landscaping bricks were purchased at our local “orange” store.  These are the same bricks I mentioned in the I Survived post, and are part of my summer landscaping project.

weed blocking
I started re-landscaping some of the back yard in May.  The red bricks will serve as a color accent to the river stones we’ll put here.

 

Cumulative Expenses For 2019

For the year so far, the Tako family has spent $23,790.  Outside of our mortgage and childcare, we’ve spent $5673.  Those numbers may seem large, but it’s important to remember that we live in a high cost of living area (a Seattle suburb).

It’s not easy to live cheaply here.  Housing is expensive, and child care is expensive too.  Until our youngest son completes daycare, I expect our expenses will remain this high… or even slightly higher because of property tax increases and child care price increases.

net expenses by month

 

May Investing Updates

May was a very negative month for our portfolio.  Mr. Market was just in a bad mood I guess, and the value of most of our stocks fell.  Our net worth declined significantly, but I couldn’t care less.

Markets are supposed to fluctuate!  That’s what they do!

Instead of worrying about a falling market, I took advantage of low prices by buying another 500 shares of our “Well Known Energy Company” investment.  This was a new investment of $43,250.

I also decided to write put options on 500 shares of Delta stock.

I don’t consider myself a options expert, but Delta is a company I’ve been following closely for some time and I feel there’s a very good opportunity to earn some income.  (This will happen when my put expires.)  As mentioned in my June 2019 Investing Ideas post, I believe Delta is likely to do well for at least the remainder of the year.

Should the put get assigned, I’m also perfectly happy being an owner of Delta stock.

That’s it for May!  See you next time!

 

[Image Credit: Flickr]

25 thoughts on “May 2019 Dividend Income And Expenses

    • June 6, 2019 at 2:23 PM
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      Haha! That tree stump was on a public hiking trail, but I’m sure the kids would love such a suggestion! 🙂

      Reply
  • June 5, 2019 at 6:00 AM
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    Happy summer and cheers to the warmer weather.

    I thought I knew what the WKEC was but based on the price you paid I think I have the wrong company as the numbers don’t exactly add up (although they are within 10% of matching up). Oh well.

    Our May dividend income came in at $7217.14 with YTD total of $42,956.54. Both numbers are about 40% over last year but this was mostly due to different positions that pay more in the 2nd month coupled with a special dividend in January.

    We are moving back to Thailand on Sunday and leaving the Middle East. One year out here was enough. Baby #2 will be born in Bangkok in mid July and our daughter will be 6 at the end of the month.

    Our costs will be impacted by this one time move but otherwise all is going well.

    -Mike

    Reply
    • June 6, 2019 at 2:22 PM
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      Wow, nice dividend income Mike H! You’re killing it in 2019!

      Reply
  • June 5, 2019 at 7:30 AM
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    Nicely done. The Thai dishes look delicious. I’d love to add Thai to my repertoire but the missus is already really good at them – in my rare indoor-cooking forays, I try to add to our joint portfolio.

    That is a high water bill. Ours is about the same (1/2 that per month), but we have to run lawn sprinklers regularly to avoid our yard turning into a desert – I imagine that’s not a need in the PNW.

    Curious to see how your options adventures go. I do know a number of folks who juice their returns by writing options (naked puts or covered calls), but it does feel a little like picking up nickels in front of a steamroller. If you’re writing puts on a stock you’re OK owning at the strike price, it’s certainly one of the less risky ways to play with options. But if Delta is attracting your interest and you think it’s a good company, should you also capture the upside scenario by buying a call? And then you might as well just buy the stock, but that does lose any tactical timing opportunities. In any event good luck and I’m looking forward to the updates!

    Reply
    • June 6, 2019 at 2:21 PM
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      Picking up quarters in front of a steamroller, that’s pretty funny!

      But not a perfect analogy. I like to think of it as getting paid to wait. Sometimes I’ll get my price and the stock will be purchased, other times I won’t get my price and I collect my “waiting” fee. That’s how I think of it.

      I can’t predict the future, but I can enjoy the results of both outcomes.

      Reply
  • June 5, 2019 at 9:23 AM
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    Great looking food! I’d love to know what your routine is between picking up Tako Jr #1, playing in the parking and whipping up a delicious looking dinner. Do you do all your prep before hand to lighten the load?

    Your water bill is high to me. In Mississauga our family is closer to $100-$120 every 3 months and we use anywhere between 90-100 m3 depending on the season. Higher in the summer, especially if I’m cycling the water out of the hot tub.

    Reply
    • June 6, 2019 at 2:17 PM
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      It really depends upon what I’m making, if I need to do prep before hand. Sometimes I do it in the morning, like if I’m making something in the slow cooker.

      Other times, I’ll start working on dinner and Tako Jr. #1 will work on his homework while I cook. It just depends. I typically give myself 45 minutes to an hour of cooking time for most meals.

      Also: Wow, your water bill is pretty low!

      Reply
  • June 5, 2019 at 10:47 AM
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    Our water/garbage bill is about $120 per month although a price increase was just announced (Central Valley in CA). I’m impressed with your low spending!

    Reply
    • June 6, 2019 at 2:15 PM
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      Thanks MK. So our water bill is fairly equivalent to yours then. Thanks for the input.

      Reply
      • November 30, 2019 at 1:43 PM
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        Our water and garbage bill is zero! We have a well and hubby takes our garbage to work.

        Reply
  • June 5, 2019 at 11:22 AM
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    That tree trunk is HUGE! Free activities are the best and best when it’s out in the nature.

    Your expenses remain to be quite low if you take out mortgage and childcare. That’s pretty awesome. 🙂

    Reply
    • June 6, 2019 at 2:14 PM
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      Thanks Tawcan! Free activities are the best in nature!

      Reply
  • June 5, 2019 at 11:29 AM
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    Mmmmm, I wish I could show up with fork in hand for that food! Looks delicious. When will Tako Jr.2 end daycare? Should help the spreadsheets : )

    Reply
  • June 6, 2019 at 7:56 AM
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    Your core expense is extremely low. Nice job.
    So where are you going camping? We’re heading out today to camp at the beach.

    Reply
    • June 6, 2019 at 2:08 PM
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      Thanks Joe! We decided to go to the San Juans this year. It’ll be fun and maybe a little cooler. The kids get to experience the ferry, and it’s close enough to home that if there’s a major problem I can drive us home in a few hours (+ ferry ride)

      Reply
  • June 6, 2019 at 10:12 AM
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    I can’t believe she didn’t buy the ventilation argument.
    Look forward to seeing a monster June from your dividends. Well done on the expenses.

    Reply
    • June 6, 2019 at 2:06 PM
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      Thanks Passive Cash! I know, right? Ventilation is good! 🙂

      Reply
  • June 6, 2019 at 11:19 AM
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    Gogogogogogo! You earn major internet points for lots of pictures of delicious food. I’ll even forgive the lack of taco (Tako?) pix.

    You are killing it financially. It’s always good to see a FIRE blogger that is truly FIRE not “employed” as a blogger with a six figure writing career. Not that I begrudge you a few ad dollars. Hope you make at least as much as the paltry sum I collect!

    Reply
    • June 6, 2019 at 2:06 PM
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      The ads only make a few bucks a month, not really even enough to buy a pizza. 😉

      I should really do an update to my “How much does this blog make?” post. I’m no where close to being a professional blogger! It’s purely a hobby!

      Reply
  • June 6, 2019 at 11:48 AM
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    Do you put any liquid(broth) in the slow cooker with the ribs so as not to dry out the cooker?
    If so, how much liquid and how long on the slow cooker?

    Reply
    • June 6, 2019 at 2:03 PM
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      No, no liquid! That’s the crazy thing. It’s a dry rub and then you put them straight into the slow cooker for around 6-8 hours on medium. There’s enough liquid in the ribs to cook properly!

      Reply
  • June 7, 2019 at 6:55 AM
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    Wow, under $400 a month for that sort of food is excellent! I assume you don’t eat out very often?

    Glad to hear the weather is warming up up there – right down below the other end of the equator here we are freezing our butts off….

    BTW that weatherboard house looks lovely, and strikingly similar to our own, right down to the paint colour – could be my own backyard I’m looking at (except with piles of leaves everywhere…)

    Cheers, Frankie

    Reply
  • June 16, 2019 at 8:33 AM
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    Awesome update Tako. The food looks delicious by the way. It is great to hear you talk about how your family transitions from the indoor lifestyle to the outdoor lifestyle. Pictures look awesome and make me want to go on a hike!

    Bert

    Reply
  • June 25, 2019 at 12:57 PM
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    I’m so jealous of you having a language immersive daycare. I live in a small town and it is not available in my area. Not only is your son getting some peer interaction which I think is also important to have some of at that age, but getting language skills at such a young age is awesome. Definitely a worthwhile expense.

    Reply

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