2019 Passive Income

My second year of keeping track of my passive income saw an increase by 12%.  Total passive income for 2019 was $8,755 (2018 was $7,803).  Most of it (72%) was from dividends but that counts, doesn’t it?  My plans are increasing this each year before my wife retires.  Sure wish I did this decades ago.  I am all increasing my presence on eBay, not so much on Amazon.  Other income includes sales of my artwork, garage sales and recycling.  I also received gift cards totaling $756.  Although, not cash, I include this as I use it to buy gifts and/or household items.  Sure helps with the budget.

Here’s the breakdown of passive income for 2019:
Survey Income $282
Interest Income $3
Divident Income $6,314
Shopping Rebates $13
Ebay Sales (net fees and shipping) $1,409
Amazon Sales (net fees and shipping) $53
Blog Income $227
Other Passive Income $337

2019 Expense Percentages

I just did an analysis of all our expenses for 2019.  I was somewhat surprised to see the results.  Although I won’t give dollar amounts, I shall share the percentages of money spent last year.  It was too much, with little going to savings, but hopefully 2020 will be better.

House repairs was almost 19% of our expenses and the biggest expense.  Let’s hope we have none of that this year.

Net up are incomes taxes which was about 15%.  I guess when we retire this will become less.  It is a necessary evil.

Third highest expense is loan payments 13%.  That will end soon and we will have more money in savings.

Number four is the car, which includes car payments, gas and maintenance at 8.35%,

Number five is retirement contributions at 8.25%.  This is a good thing, just wish we could make it higher.

Next up is health insurance, another necessary evil but was only 6.25%. Thank goodness my wife’s company pays for half, making our payments so low.

Number seven is groceries.  I do the shopping and think we spend too much.  It is 5.5% of our expenses.

The last two that I will include as everything use in under 2% is vacation and entertainment.  Both are 5% each of our total expenses.  We love to travel and I thought it would be more but then again, we are frugal and find great deals!

All these are 85.35% of our expenses.  Percentages will change when our incomes change, so it will be interesting to see what 2020 brings!