Tuesday, July 18, 2017

Distance to Work Does Matter

The wheels on the commute go round and round...pexels.com
Ever since I became a disciple of MMM I have dreamed of biking to work.  This dream has some roadblocks specifically I don't own a bike and my drive to work was 49 minutes solid over a rolling 23.4 miles.  To bike it would have taken me 2 hours and 10 minutes each way.  I am not in that great of shape and would not be able to function at work by the time I got there. 

Even 49 minutes each way was hard on me and the family.  I switched to that job back in October 2016 with the hope of being an IT architect and bringing in more income.  The hope also included my family being OK with a longer commute.

While work was more satisfying my personal life slowly deteriated.  My back problems worsened sitting for that long of time.  I would rush in the morning to get the kids to school, speed to work and still be late.  When I finally got to work I was already stressed out.  Rinse and repeat on the way home to make dinner in time.  If all went well I would get a whopping 1/2 hour with the kids before bedtime.

The stress was compounded because my job wanted me there from 8-5.  I was lucky to get there by 9:20 everyday.  They neglected to inform me there was no flex time when I took the job.

More burden was also placed on my wife to take care of all 5 kids.  We were turning to more and more unhealthy frozen meals and she was plain just stressed out.

Finally I made a call to my former boss.  We met for lunch and they offered me my job back making what I made at my new (well now old) job.

The drive is back to 15 minutes through our park system totaling 7 miles each way.  My (and my family) stress levels are way down and I am able to get home and cook some good stuff from scratch almost every day.  We finish dinner and I have several hours to play with the kids or work on chores.

There is this spreadsheet I keep to calculate if it is worth switching jobs or not.  With what happened with this job I added some calculations for mileage using the standard rate of $.535 and how much I pay myself to drive back and forth to work (my hourly rate).

Example

Old Job Mileage
46.8 * .535=$25.038  per day
New Job Mileage
14 * .535=$7.49 per day

Mileage Savings = $17.548 per day

Say I earned $50 per hour for this example. 

Old Job
$50*1.5=$75.00 per day
New Job
$50*.5=$25.00 per day

Another $50 saved per day

I would save $68 per day by switching jobs

When all is said and done I should never have taken that job.  I was actually making less than my previous and the family wasn't any happier for it.  Now I make way more because I am closer to home AND we are all happier.

Next I am looking into a bike and getting in shape to ride to work…

When you switch jobs do you calculate your commute?

Happy Saving,

Dividend Family Guy

Thursday, July 13, 2017

July 2017 Dividend Growth Watchlist

Company Name
Symbol
Industry
No. Years
Dividend Yield
Sector
EPS% Payout
AmTrust Financial Services Inc.
AFSI
Financial Services
11
4.49
Financials
41.21
Archer Daniels Midland
ADM
Agriculture
42
3.09
Consumer Staples
54.01
Williams-Sonoma Inc.
WSM
Retail-Home Products
12
3.22
Consumer Discretionary
45.35
Lazard Limited
LAZ
Financial Services
10
3.54
Financials
50.77
Finish Line Inc. (The)
FINL
Retail-Apparel
10
3.11
Consumer Discretionary
51.76
Donegal Group Inc. A
DGICA
Insurance
15
3.52
Financials
63.64
Weyco Group Inc.
WEYS
Footwear
36
3.16
Consumer Discretionary
57.89
Old Republic International
ORI
Insurance
36
3.89
Financials
49.03
Target Corp.
TGT
Retail-Discount
50
4.74
Consumer Discretionary
51.67
T. Rowe Price Group
TROW
Financial Services
31
3.07
Financials
44.53

Set this watchlist up earlier this month but didn't get to sharing it with you all until now.  Following the DFG stock screen these are the top 10.  Some of my favorites like ADM are back on the list.  Shoes (WEYS and FINL) seem to be taking a hit in conjunction with the rest of the retailers (WSM and TGT), who aren't Amazon or Walmart.

 



Slow grower ORI always seems to be on and off my list but I can't complain with that dividend yield entry point. 

Happy Watching,

Dividend Family Guy

Saturday, July 8, 2017

June 2017 FrugalMaster Results

The Caves at Hocking Hills
Summer is here and I tend to spend as much time outside as possible.  To get more exercise I have taken it upon myself to wake up early every morning and do yard work (some call it gardening).  I do this for about an hour before coming in to get ready for work.  It is very relaxing being outside when all is quiet (especially since the rest of the family is still sleeping.)

The outside work also tends to bump up my home costs during the summer.  However that is budgeted for the year.  I do not look at it as money lost because it improves the curb appeal of the house for when we sell.  I was reading some article that explained that your house will sell faster as the outside is the first thing potential buyers see.  This makes sense as it is a reflection of how well you take care of the house in general.

This month there was a large jump in health related expenses.  This was due to me being diagnosed with scoliosis.  I guess I have always had it and my back problems were getting worse.  I am seeing a chiropractor and the results are great.  Since I am writing this in July most of my pain is gone.  Now he is just straightening me out and helping me strengthen my core.  Unfortunately since I have an HSA all of that has been out of pocket since my deductible is very high.

June Expenses

Shopping looks a bit high in the pie graph doesn't it?  We invested in some high quality hiking boots for our trip to Hocking Hills State Park in Ohio.  This was an awesome vacation and we hiked every day.  Some of the other shopping related expenses were kids clothing shopping for the upcoming school year.

Overall it was another good month.  Income was way up (another article on that forth coming).  My spending was up as well but still came in at 97% of my normal monthly income.  That means I incurred no additional debt nor did I have to dip into any savings.  Totaling it up my frugal exercises let me save 51% of my total income for the month.  About 40% of the savings were invested and then rest swept into my savings accounts.

I hope your June was great and I look forward to hearing about your June as well.

Happy investing,
Dividend Family Guy