All considering, September wasn’t too bad of a month. I think my biggest set back was my decision to buy a new iPhone. Ironically, I opted for the cheaper iPhone SE instead of the newer and shinier iPhone 7 (which just came out). To be honest though, I didn’t really see the point of spending an extra $500 (more or less) on the newer model — especially since I didn’t need any of the new features (lack of headphone jack, water resistance, etc). All I really cared about was having a phone that supported Apple Pay, which my previous phone (an iPhone 5) could not. Speaking of which, Apple Pay is pretty darn cool.

On to the numbers…

Income

Salary $ 3,082.51
Interest $ 20.50
Dividends $ 70.50
Total Income: $ 3,173.51

Expenses

Food ($ 478.76)
Rent ($ 475.00)
Health Related ($ 278.32)
Car Related ($ 224.89)
Gifts ($ 202.07)
Utilities ($ 167.40)
Travel/Bus ($ 93.00)
Home Related ($ 88.80)
Banking ($ 10.11)
New iPhone ($ 921.57)
Total Expenses: ($ 2,939.92)

Income / Expenses Analysis

Percentage of my income saved: 7.36%
Percentage of income earned from passive sources: 2.87%
Percentage of expenses covered by passive sources: 3.1%
Total Money Saved: $ 233.59
Note: The last two figures do not take into account unrealized gains/losses.

Portfolio Analysis

Value at the beginning of month: $ 25,949.25
Add: Additional investments: $ 0.00
Total Starting value: $ 25,949.25
Value at the end of the month: $ 26,311.85
Total Portfolio Gain/Loss: $ 362.60

Dividend Analysis

Previous Anticipated Yearly Dividend Income: $ 1,058.90
Current Anticipated Yearly Dividend Income: $ 1,064.14
Dividend Increase/Decrease: $ 5.24 (0.49%)
Avg. Monthly Dividend: $ 88.68

Savings:

I’m back in the black! August was pretty abysmal as far as savings go; I was in the red by almost $500. Thankfully this month I managed to reverse this trend and save a borderline-respectable 7% of my income. Obviously this rate is much lower than my desired rate of 40% — but I’ll take whatever I can get for now. Had I not bought a new phone, my saving rate would have been much higher (excuses, excuses). Thankfully my new phone should be my last large purchase for a long, long time. In fact, bearing no unforeseen emergencies, I shouldn’t have any large expenses until I buy a plane ticket to BC for a trip I have planned for the new year.

Investments:

September was a great month for gains! According to my calculations, my portfolio increased in value by as much as 1.4% — which isn’t too bad in my books. Of course I’ll likely never see these gains realized given that I’m in it for the long haul. Short of a disaster, I don’t plan on selling any of my stocks. Unfortunately, given my paltry savings rate as of late, it’s been a while since I’ve bought any new stocks to add to my portfolio. Hopefully that will change soon given my lack of future large expenses and some back pay that I’m expecting to receive soon. That having been said, given the price of stocks these days, it’s probably for the best that I avoided making any new purchases.

Dividends: 

My yearly dividend total increased by $5.24 this month. This increase can be attributed to Fortis’ decision to up their dividend; so far, my dividends from Fortis have gone up by more than 17% in just over a year. My short term goal is to increase my monthly dividend average to $100. I’m currently sitting at $88/month, so this shouldn’t be too difficult. If everything goes according to plan, I should be able to do this before the end of the year.

Conclusion:

All considering, I’m pretty pleased with September. Hopefully I can keep this up and increase my savings rate in October.

As always, thanks for reading!

André