May 2020 Expenses And Dividend Income

In my opinion, Spring is one of the best times to be alive.  After a long cold winter, when spring finally hits it’s like rocket fuel for my happiness level.  The comes sun out, the plants are green, and the flowers are blooming again.

May also happens to be one of the best months for spring in our area (the Pacific Northwest).

It’s too bad that May didn’t have the same kind of energy this year, probably due to the damper the pandemic has put on our lives.  Rather than being able to get-out and enjoy spring like we usually do (hiking, barbecues with friends, cherry blossom festivals, and so forth), we were stuck at home following the “stay at home” orders for our area.

Financially, this meant our spending was lower than last year, but our passive income was also much lower in May…


Dividend Income In May

Dividend income in May was nearly non-existent.  In fact, I could have almost done away with this section of the monthly blog post… it was that low!  But I’m a sucker for consistency, so I’m posting it here anyway!

Dividend and interest income amounted to $3.10 in May.  A mere rounding error in our annual passive income!

Passive dividend income from stocks is usually paid out quarterly, so certain months are going to be dividend “heavy” months and others will be “light” on dividends.  May 2020 fell into that “light” category as you can guess.

may 2020 cumulative dividends

This is all perfectly normal of course, and just something you get used to in the passive income game.  Passive income ebs and flows with the calendar.  Now that it’s June (aka a dividend heavy month) the cash is rolling-in again, and I’m not worried.

Rather than trying to smooth out our passive income, we simply keep plenty of cash on-hand to cover the lean months.

May Expenses

Household expenses in May totaled $3,848.  This total is significantly lower than what we spent last year, primarily because childcare spending was non-existent (due to COVID-19 closures).  Meanwhile, other spending categories were higher due to unanticipated price increases.

Here’s the breakdown by category:

may 2020 expenses by category


Grocery spending in May was $679.  Unfortunately, just like last month, grocery spending was considerably higher than usual, which I attribute primarily to price increases (not an increase in our consumption).

We’re making exactly the same food we usually do (and still eat almost every meal at home), yet our food spending is up 35% from average.  This time last year we spent a mere $387 on groceries!

We haven’t been stocking up either!  I swear!  We’ve maintained the same level of “food inventory” that we usually have — a filled pantry, our full chest freezer, and some shelves out in the garage for food storage.  We didn’t start splurging on fancy meals either!  It was just our typical “fusion” menu that I post pictures of.

One of my favorite dishes this month was a Chinese/Japanese dish called “tantanmen”, which we served over rice…


Tantanmen is a dish frequently served over noodles.  Unfortunately Mrs. Tako can’t eat noodles (due to a wheat alergy), so she makes a version of it using “konyaku” noodles.  Like this:

tantan noodles

In May I spent a lot of time trying to clean out the pantry.  This smoked steelhead chowder (below) was the result of finding a jar of canned steelhead in the pantry (caught, smoked, and canned by my father).  Unfortunately the picture didn’t turn out super amazing, but the chowder tasted great and we consumed it for several days!

smoked steelhead chowder

Mrs. Tako continue to further refine her keto-friendly pizza recipe, and I willingly devoured all the results.  Yes, all the results!  I’m a sucker for a good pizza!  (Yep, those are fresh chives from our garden).


We also tried to take good advantage of what was on sale in May.  Asparagus (for example) is a “spring” vegetable that always goes on sale.  Mrs. Tako whipped up this asparagus dish, which I can only describe as “cheesy gratin asparagus”.

cheesy asparagus

And (of course) there were plenty of “home style” Japanese dishes.  Here’s a yakisoba and miso soup dinner we had one evening:

miso soup and yakisoba

It’s a pretty simple menu, but it suits us fine!  Unfortunately even a simple menu like ours was considerably more expensive this month!



Fuel spending in May was $24.  Big surprise there!  We didn’t travel anywhere due to the continuing COVID-19 lockdown, so our driving was limited to grocery stores and the occasional trip to Home Depot.

Hey, I know it’s kinda boring to report that we didn’t go anywhere or do anything exciting, but we’re in the midst of a pandemic!  We’re staying home and trying not to get sick like we’re supposed to!

As long as we remain under a COVID lock-down, I expect this low fuel spending will continue.



Our largest single monthly expense is the mortgage on our home.  This amounts to $2360 every month, and does include extras like property taxes and homeowners insurance.

While we could pay technically off our remaining mortgage at any time, we’ve chosen to retain that money and hunt for better investments.



Childcare was $0 this month!  Most childcare facilities (including the one we were using) are closed during the pandemic.

This means daddy daycare was a fully operational childcare facility that worked the entire month for free.  (Don’t remind me!)

Yep, with schools and childcare facilities closed, I take care of the kids all day…every single day.  This includes being the homeschooling teacher, the lunch lady, janitor, nurse, and principal (at times).  Daddy daycare is a full service operation.  Hence, this is why I’m blogging less often.

I’m doing my best, but I’m ready for a break.  I’m REALLY hoping schools open-up again in the fall, otherwise I might lose my mind.

We ran out of books to read in early May.  Fortunately the library has good selection of kids ebooks.



Internet expense was $45 in May, and this is the regular rate we’ll pay for the rest of our annual contract.  While it is possible to get a slightly better rate by signing up for a multi-year contract, but I just stick to the one year contract.

The Comcast representatives always try to use FOMO sales tactics to get me to sign-up for longer-term contracts or TV packages, but I never fall for it.  One year is a long enough contract, and there’s always new promotions available when I need to sign-up again.

For the curious, we pay for 100Mbps cable internet from Comcast (XFinity) with 5Mbps upload speeds.  It might not be the fasted package out there, but it’s more than sufficient for our needs.



Utilities in May totaled $482.  This was a very expensive month for utilities, but a few of the bills that hit this month are only annual expenses, so I’m not expecting Utilities to be this bad every month!

Here’s the breakdown of utility bills in May:

  • $245 — Water bill.
  • $80 – Electricity and Natural Gas bill.
  • $122 – Garbage, Recycling, Yard waste bill.
  • $12 – Mr. Tako’s annual cellphone bill (after taxes).
  • $23 – Mrs. Tako’s annual cellphone bill (after taxes).



Insurance costs in April were $0.  Whenever possible, we try to pay our insurance bills for the entire year all in one go, to lower the total cost.  For example, our car insurance is paid only once per year.

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



Other expenses in May were $256, which is surprisingly low considering we were stuck at home all month.  We tried to resist the temptation of shopping online to pass the time, and were mostly successful at it.

There were however a few expenses that slipped by:

  • $174 — Nvidia graphics card for Tako Jr. #2’s “new” PC build.
  • $35 — Amazon birthday gift for our Nephew.
  • $47 — Home repair parts and supplies purchased from Home Depot

Now obviously I didn’t need to go out and spend $175 for a fancy graphics card, but I wanted the PC to be a decent machine so I splurged a little and went with a GTX 1050ti low profile card.  It doubled the cost of the PC, but in the end we have a decent little computer for Tako Jr. #2.


Cumulative Expenses For 2020

For the year so far, the Tako family spent $15,997, which works out to be roughly $3,200 per month.  Total spending is roughly the same as our total dividends for the year.  That’s great!  Exactly where we want to be.

Outside of our mortgage, core spending remained very low for the year  — typically between $950 and $1500 every month.

may 2020 net expenses

I’ll be the first to admit it’s been a really weird year so far.  Our spending is down considerably from previous years, and my earlier goals for growing passive income in 2020 are going to be wildly off.

There’s not much to say but, “the COVID-19 pandemic screwed everything up.”  Daycare is closed, our travel plans for the summer have been canceled, and many of our summer activities for the kids have been canceled.

At this point I seriously doubt our annual expenses will exceed $40k this year.  Which is a good thing during these difficult times!  We’ll eventually be funneling that saved cash into assets which will spit-off even more passive income in the years to come.


May 2020 Investing Update

In May, the stock market continued it’s incredible rise in the face of a pandemic, and unemployment levels that are setting generational highs.  It looks like the market is experiencing crazy levels of optimism which is juicing the stock market rally.

It looks like a mistake.  Which makes me wonder — Who is putting all this money into the market and why?

I have several theories, which include:

  • Lower interest rates pulling yield-hungry people into stocks for cash flow.
  • Higher household savings rates, and stimulus due to the pandemic, is getting pushed into the stock market.
  • FOMO (Fear of missing out) on the stock market rally is pulling in naive investors into overpriced stocks.
  • Higher levels of market speculation and leveraged stock purchases being fueled by ultra low interest rates.

While most people are probably overjoyed about the market recovery, I’m nervous.  I did most of my ‘pandemic’ investing back in March, and have been riding this wave of optimism ever since.  That doesn’t mean I believe it’s right.  Fundamentally the stock market should (roughly) reflect current and near-term economic conditions.  That doesn’t seem to be the case right now, which is why I kept my cash on the sidelines in May.

I  made no additional stock purchases in May, as most of the good deals I saw in March and early April have completely dried up.

Can you blame me?  The bear market came and went in just a few of weeks!  Now we’re back to bull market territory in record time!  It’s a real head-scratcher as to why this is playing out the way it is, and I don’t claim to have the answers.

Still, I wish everyone the best of luck.  I hope you’re seeing great profits from this market rally!  Until next time!


18 thoughts on “May 2020 Expenses And Dividend Income

  • June 7, 2020 at 2:28 AM

    Wow, a 35% increase in food costs is crazy. I haven’t experienced this at all. On my end everything seems to be priced as usual.

    Regarding the market, who knows. All I know is that I’m upset I didn’t get more into the market in March and April 🙂

    • June 8, 2020 at 1:24 PM

      That’s so strange. The cost of almost everything is up measurably here. My receipts prove it. For example, I used to be able to find ground beef for $1.99/lb (or sometimes less). Now, I haven’t seen it for less than $3.59/lb in weeks.

      That’s just one example!

  • June 7, 2020 at 6:30 AM

    Thanks for sharing Mr. Tako. Long time reader 🙂

  • June 7, 2020 at 6:58 AM

    Yeah I’m worried about the insane bullish sentiment too. The contrarian play seems to be taking some profits and sitting on cash until Armageddon 2.0, but it’s going to take a lot of discipline to do so (and maybe I’ll just let things ride…). Good luck!

    • June 8, 2020 at 1:21 PM

      It’s crazy! The market is up almost every day. Some of the money I put in in March is up 50%. Crazy town.

  • June 7, 2020 at 10:45 AM

    Have you decided what to use that $3.10 on yet? If the casinos are open, you could take it there, live a little dangerously, and go all-in with it! 😉

    Btw, that cheesy gratin asparagus dish looks delicious!!

    • June 8, 2020 at 1:18 PM

      I’m thinking a Ferrari might be nice. I can pick one of those up for $3.10, right? 😉

  • June 8, 2020 at 5:01 AM

    Hi Mr. Tako – as per a previous article, don’t you have a $600k+ cash pile spread across several money market accounts? Shouldn’t these pay out interest on a monthly basis? Just curious why you only saw $3.10 this month – thanks in advance

    • June 8, 2020 at 1:18 PM

      Technically we’re down closer to $360k right now (we invested a bunch in March), but yeah, interest rates have dropped so the money markets are generating less cash.

      Zero percent interest rates at the fed level means practically nothing from short term treasuries (which many money markets hold).

  • June 8, 2020 at 8:03 AM

    The food looks great, as usual.
    The market is insane. I can’t understand why it is so high. I have a couple more theories for you.
    – Investors around the world moved their money to the US. They think it’s the safest place to be.
    – Investors think profit will increase in the long term because the cost of running a big business will decrease. You can cut office space and hire WFH people from around the world.
    I don’t think we’re done with COVID19 yet so we’ll see how it goes. The stock market feels very high in this economic environment. Unemployment is spreading into other sectors now, I heard on the radio.

    • June 8, 2020 at 1:20 PM

      Good theories! I suspect it’s likely a combination of things working together to fuel all of this. One theory by itself doesn’t seem to be the full answer.

  • June 8, 2020 at 10:14 AM

    Did you put all that $3.10 on black at the casino? 🙂

    The market doesn’t make sense right now, I suppose people are optimistic with the future outlook? With all the protests going on, I suspect we’ll see a second wave of COVID-19 cases pretty soon.

    Our food cost has increased over the last few months too as we seem to be eating more comfort food and I’ve found grocery price has slowly increased too.

    • June 8, 2020 at 1:21 PM

      I think I must have eaten the $3.10 already. With food prices up so much, I must have consumed it! 🙂

  • June 9, 2020 at 2:53 PM

    I am new to the site and have read a bunch of your articles. Not sure if any article mentions about your investments? I am particularly interested in high dividend stocks investing and would be glad to hear your suggestions?

  • June 13, 2020 at 8:19 AM

    Mr. Tako –

    I agree. The market has wiped most of the deals and given Thursday’s deep red day, I was anticipating more of that on Friday. That didn’t happen. Still doesn’t make 100% sense, though I do agree with your reasons above. Much of the stimulus is making it’s way into the market, no doubt.

    May was one of my lease active months investing.



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