These are my Monthly Expenses – March 2025!
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 8 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 $1,300 in passive income each month while I sleep.
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March 2025 Monthly Expenses
So here is March 2025’s expenses:
- Rent: $614.34
- Utilities
- Electric: $44.52
- Gas: $23.59
- Internet: $93.00
- Cell Phone: $35.00
- Food & Supplies: $559.52
- Miscellaneous
- Amazon: $269.53
- Metro: $49.30
- Medical: $240.00
- Haircut: $45.00
- Laundry Card: $20.00
All in all, my expenses for March 2025 totaled: $1,993.80
Wow… that is my most expensive month probably since I started tracking my expenses.
What happened?
Well, part of it was that more of February’s medical bills came due in March. So those were bills I had to pay.
Next was the weird part. All my supplies ran out at the same time this month.
I have never had it happen were every single supply ran out in the same month. Usually it is something one month, then the next month something else. Never all at once.
From paper towels to shampoo, soap, garbage bags, vitamins, face cream, detergent, paper plates, toothpaste, deodorant, to aluminum foil.
Everything ran out at once.
I bought some supplies via Amazon along with a new pair of pants and a new backpack (since both had ripped).
In addition, since I do all my food shopping Sunday morning and there were 5 Sundays in March, I had an additional week of grocery expenses.
Dividend 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 March 2025 dividends and my average yearly dividend income going forward.
As of this post, my portfolio is set to generate $16,275 in dividend income over the next 12 months.
- March 2025 dividend income: $2,266.80 = 113.7% of my expenses covered in March.
- Average monthly dividend income: $1,356.31 per month = 68% of my expenses covered in March.
Conclusion
Thus, this concludes my monthly expenses for March 2025!
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! And Happy Easter!
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