Buying Dividend Stocks To Pay Bills

Hey, everyone! Every month, we live in a world that we pay for our expenses on a typical monthly basis. Most people budget monthly based on their food, shelter, car and other entertainment or daily needs. You know what I personally love about my bills? If something else is paying them for me! One fun way and reason to invest into dividend paying stocks is to almost view them as a way to build up an asset that pays these bills for you! What do I mean? Let’s check it out.

Paying the Bills

We all have our monthly expenses that are typical. I wrote about some of my monthly bills a few months back, as a way to update where I stand on how much money goes out the door and how much of my dividend income makes up that. A way to have fun with buying a dividend stock is to see how much of that stock you can buy in that particular expense category, where the dividend stream ends up paying your bill! What are a few examples of what I am talking about? I’ll break them down below:

The Mortgage – We all love this one and there is a great big group of us that is currently paying them down.

Internet & Cable – As much as it makes me cringe to say this – I know there are SO many people that have cable still, even though everyone knows I haven’t had cable in over 5 years! However – I do have internet with more recently me switching providers to have better service and a lower bill, a win-win.

Food – Do we need to eat? Yep. Haha.

Transportation – Most of us have a vehicle that we use to get from Point A to Point B, sometimes to Point C, D & E, all in a day. Oh and using gas to fill up at the tank : )

Insurance – Home, Auto, Life, etc.. you name it – most of us have this type of expense on a monthly basis

Phone Bill – similar to internet/cable – quite a few of us use a mobile phone and have that as a monthly expense

Public Utilities – Water, Electric, and Gas – here we go!