Happy first day of summer everyone! Life has been pretty busy for me, but it's also been really fun and exciting. I've been trying to find a balance between being frugal to save up money to invest aggressively, while also enjoying life along the way. Recently, I've been reminded how quickly time flies by (there's no greater reminder than seeing how fast your children grow up), and I want to make sure I don't let it pass me by being frugal all the time. Life is more than just saving aggressively to reach early financial independence or retire as early as possible. It's also about living life. I want to create memories with my family and have something to look back on; hopefully, when my kids grow up and they reminisce on their childhood, it will be nothing but positive and happy memories. So yea, that pretty much sums up where my head space has been at recently -- trying to find that delicate balance between saving aggressively and spending money to live a little.
In any case, I only made one purchase for the month of May. I have recently been holding back on stock purchases because of a large expense that may be coming our way. And because of that, I have been trying to hoard cash to prepare for the expense. Until I reach the desired cash reserve to account for the large expense, I will only buy stocks if I consider them to be a really great deal.
With that being said, I purchased 5 shares of W.W. Grainger (GWW) at $180 per share in my taxable brokerage account. This is a dividend yield of 2.84%, adding $25.60 to my taxable dividend income.
What do you think of my May stock purchase?