Dividend income is the very reason my blog exists. I track my dividend income for several reasons. It motivates me to increase my earnings by buying more dividend paying investments. It provides transparency into which months pay a higher income and it shows the trend of income over the years. Dividend income is easily my favorite way to generate passive income with very little to no upfront work. You should definitely track your dividend income and make future projections to see if you are on track to reach your financial goals.