"1 Million Won Monthly Dividends on a Single Income?"…A Frugal Housewife's Realistic Tips, From 'Household Budget' to 'Pension'
"'1 million won in monthly dividends possible on a single income?'"
I recently saw an article about this and was surprised, thinking, 'This is my story!' When I transitioned from a dual-income household to a single income a few years after marriage, it felt so overwhelming. My income was halved, but loans and children's education expenses kept increasing... However, with the two weapons of 'saving' and 'consistency', our household is finally on the verge of reaching the goal of '1 million won in monthly dividends'.
Secret 1: The 'Rough' Budget Book
Honestly, I really disliked keeping a budget book. It only showed money going out, which was stressful. I even tried a cash envelope system, but it was inconvenient and only accumulated coins, so I quickly gave up.
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So, the method I settled on was the 'rough' budget book.
"I don't strive to match every 100 won. I just envision 'This much for food this month!' and try to spend within that big picture."
Surprisingly, doing it this way made the flow of money clear at a glance, and unnecessary expenses sharply decreased.
Secret 2: 'Small Sums' Become 'Investment Capital' (feat. Blog)
Saving alone has its limits. So, I also ventured into being an 'N-jobber'.
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"Starting to write articles for my blog, I not only earned AdPost income but also saved on dining out through review events and sold unused items on Carrot Market."
The money I collected this way exceeded 1 million won for the first time last July! These 'small sums' accumulated to become my valuable investment capital.
Secret 3: Fill Your 'Pension Account' First! (Most Important⭐)
Actually, this is the most crucial part. The top priority expense in our household budget was my husband's 'pension account'.
"No matter how tough life was, we always put 750,000 won per month, the tax deduction limit, into the pension account first and lived on the remaining money."
After consistently contributing for 15 years, a substantial sum had accumulated. And less than a year after starting to operate that money through ETFs, the dream of '1 million won in monthly dividends' is becoming a reality.
'Saving + Pension'…10 Years Is Enough
I realized it by doing it myself. '1 million won in monthly dividends' is by no means just a dream.
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Consistently saving every month, and then filling your pension account with that money. Try it for just 10 years. With 90 million won in principal accumulated and the power of compounding, 1 million won in monthly dividends is perfectly possible. Right now, how about making 'pension account' the number one priority in your household budget?
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