We’re getting towards the end of the year, already! Every time I write one of these updates, it does occur to me that time goes so much faster as an adult. Don’t you think? Weeks seem to fly by and merge into one. And so, that means that I get to look at my dividend income and write about it again. Yay!
I knew at the start of the month that November might prove to be a smaller income month, and I was right. Because I recently had a rebalance of my portfolio, it means that there are few payouts in the month, and this shows in the final figure. Part of the plans for research is to see what companies pay out in November and see if they fit with my plans, plus see what companies they are and what their financials are like. Part of the massive to do list I have!
I love logging into my account and checking out if I’ve received any dividends and I log in fairly regularly to see if I’ve received any income. I do have written down which holdings should pay out during each month, but not the actual amount. In terms of my holdings, it’s been a bit of a ride in terms of numbers going up and down as valuations are somewhat rocky at the moment. My stocks and shares ISA is with Hargreaves Lansdown, which is very easy to use and I’d definitely recommend them. You can get information about that here or even open an ISA in about 5 minutes.
The aim eventually is to use the dividend income to pay some household bills. Things like council tax, or water rates. That’s when passive income really takes over. To pay fixed expenses each month from passive income would be amazing. To be able to pay for things that we have no control over, such as our council tax or the water rates, by using dividend income would take the pressure off other areas of money. At the moment I choose to keep my dividend income within my account and reinvest so as the keep the ball rolling. The bigger the dividend income is – I’ve had three months so far this year with over £100 in dividend income – the reinvestment is more effective 
The dividend income received in November is a combination of dividends from shares and funds. There are always going to be swings in terms of how much income is produced by dividends, just because different holdings pay out at different times. In November 2017 I received £18.90 which wasn’t too bad. This year is actually lower than last year, due to selling of some holdings. I think it’ll all balance out in the end though.
Dividends received in November:
Morrisons – £11.55
Total: £11.55
I said it was going to be a low paying month. And because I sold some of holdings, it means I only got one company paying me dividends this month. In fact, this is the lowest month of 2018. However, the average over the year is going up steadily so I shall focus on that instead 🙂 I hope this is inspiring someone else to begin their frugal journey. If we can do it, anyone can! We are not depriving ourselves of anything, just making purposeful choices and it’s beginning to pay off. Literally.
My dividend income aim for 2018 is £800 received. At the end of November I’m up to £658.68 so I’m still behind but feeling confident about reaching that aim still. December should be a strong finish to the year so I’m hoping that will push me over the finish line! Fingers crossed. It seems a bit close to the wire, but last year was the same and it all worked out well in the end.
Have you received any dividends this month? Thanks for reading!
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