Bit slow posting this as I’ve been spending time with family members who are staying with me for a while, plus I was away over the weekend for the first of two weddings this month.
Although I’ve still managed to save, I was only able to save 32.1% of my net salary, the lowest savings rate achieved since I’ve been measuring on this blog. Such months are to be expected I guess but in order to achieve my goal of an average 50% savings rate, I’m going to have to rack up some big savings at some point.
I didn’t put anything towards my cash ISA (still can’t quite get used to calling it a NISA). Instead, I diverted the cash into my First Direct Regular Savings account which is currently paying 6% interest (gross). The account is limited to £3,600 per annum (or £300 per month), with no withdrawals before the 12 months is up, but with that interest rate, seems to make sense to save there and transfer to the NISA later.
The above savings were boosted by £4.19
from Ebay, £20.24
dividend from Aberdeen Japan Inv Trust and £200
I hope to do better in August, even though it’s going to be another socially mad month!