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Despite the market continuing its downward trend I had a pretty good month. My income exceeded my expenses by almost 4x this month! Although my income will begin to rise late November and through the New Year, I’m sure my expenses will rise as well. It’ll be snowing soon and that means overtime for me!

 

Financial Goals

 

Increase annual dividends to $1,200. ($1,260.03) (105%)

At the end of October my annual dividends were $1,260.03. I’ve now completed my goal for my dividend growth for 2016! I’m 5% further than I hoped to be when I originally created this goal and I still have some time left in the year! I’ll receive another 5 paychecks this year and hopefully some extra money along with some overtime coming up here shortly. I’d like to see this number reach at least $1,300! Here’s my October Dividend Update.

 

Increase Net Worth by 50% (38.83%)

 My net worth decreased by about 0.32% in October. My income couldn’t keep up with my losses from the market this month. I’m not too worried about it. 50% is still very attainable for me even if the market continues on a downward trend for the rest of the year.

Max Out Roth IRA For 2016 (100%) ($12,527.41)

I started my Roth IRA in October last year and made the maximum contribution of $5,500 for 2015 and 2016 in January 2016. I knew I wanted to max out 2015 while I still had time and I thought with the market being down it was a great time to max out 2016 as well. I’ve invested $11,000 into my Roth this year and it is currently up about 13.88% this year at $12,527.41. My Roth has dropped about 3% from last month. Here’s what I hold in my Roth IRA  if you’re curious! I’m trying to figure out a plan for maxing it out next year. I may see where this market goes and contribute the entire $5,500 at once again, or I may contribute $211 each paycheck. It’s cool to think that my Roth might have $20,000 in it sometime next year!

 

Save Another $15,000 In My Bank Account (+64.64)

Well I increased this number by about $300 in October bringing my total to $64.64 out of $15,000 with two months left. This one definitely isn’t going to happen. If I focused all my money towards this goal I think I could come surprisingly close, but that isn’t worth it to me. I have a couple year emergency fund built up for my current expenses and it really isn’t necessary to be any larger. I’m working on purchasing a multi-family home so I need money for a down payment and potential repairs so I would like to have a bit more for this and then an emergency fund after. This goal is more of a planning for the future type of goal rather than something that is immediately important.

 

Make $10,000 From Real Estate ($750)

I’m still at $750. I have some things in the works but we’ll see. It’snot looking very good for this one but I suspect I’ll be about half way there.

 

My 457(b) Plan ($1,792.12)

I started a 457(b) plan in July through my work. I’m contributing $200 pre-tax biweekly. I’ve invested $1,800 so far and it’s down 0.43% at $1,792.12. It’s remained pretty flat since I’ve started it and with the market being the way it has I guess I can’t really complain. I still don’t really have a set goal for this account but I would like to see at least a 5% gain next year, I’ll work on that goal later.

 

Cash Flow

 

Total Income:

$1,810.10

 

Day-Job

I made $1,655 from my full-time job this month. This was just a regular old two paycheck month for me. This is pretty average as far as my full-time job goes.

 

Dividends

I received $43.26 from dividends in October. Nothing crazy but a little extra doesn’t hurt!  Here’s my  October Dividend Portfolio Update.

 

Day Trading

I made an extra $111.84 day trading in October. This is a new category for me and I hope to continue to improve on this number. An extra $100/month isn’t bad either way though! Here’s my day trading logs.

 

Real Estate

Nothing this month.

 

Miscellaneous Income

Nothing in this category either.

 

Expenses:

My expenses were $468.60 this month. I expect my expenses to be considerably higher than this in the coming months with the holidays right around the corner. I would love to be able to keep my expenses here though.

 

Savings:

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I managed to save $1,341.50 this month! That’s a great month for me. I saved 74% of my income!

This marks the 6th month that I’ve gotten serious about tracking my income and expenses. My income has averaged to $2,631.37 over these past 6 months. My expenses have averaged to $1,888.51 over these past 6 months. Not bad, not great. I bought a different car in this time period and that really increased my expense total. It would’ve been closer to $1,000 per month without this major purchase. I’ m very curious to see what these figures look like after a year!

 

All in all, it turned out to be a pretty good month for me. I’ll just keep trudging forward and keep trying to do better each month!

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