Monthly Expenses February 2025
These are my Monthly Expenses – February 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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February 2025 Dividend Income
So here is February 2025’s expenses:
- Rent: $614.34
- Utilities
- Electric: $46.74
- Gas: $22.24
- Internet: $93.00
- Cell Phone: $35.00
- Food & Supplies: $433.83
- Miscellaneous
- Amazon: $74.24
- Metro: $31.90
- Medical: $200.00
- Uber: $119.66
- Laundry Card: $20.00
All in all, my expenses for February 2025 totaled: $1,690.95
February’s expenses were higher than normal due to medical bills.
I end up with a bad case of Covid in late January and the symptoms continued long after I tested negative.
I guess this is what has been called “long covid.” Anyway, I caused me to have heart palpitations and my body was exhausting very quickly.
I have been getting better each week, but it sure is taking its time and I have been seeing doctors.
As a result, I had medical bills and uber trips to hospitals and doctors.
I believe now the worst is over and I am glad to feel my old energy back.
Spring is coming and I want to be healthy!
Dividends 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 February 2025 dividends and my average yearly dividend income going forward.
As of this post, my portfolio is set to generate $15, 959 in dividend income over the next 12 months.
- February 2025 dividend income: $890.30 = 52.7% of my expenses covered in February.
- Average monthly dividend income: $1,329.98 per month = 78.7% of my expenses covered in February.
Conclusion
Thus, this concludes my monthly expenses for February 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!
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