After marginally missing my savings rate last month, despite imposing a ‘no social life’ rule, I had a feeling that February was going to be a struggle to achieve my 50% goal as I had two outings planned.
I was right…
So, since I was half expecting it, I wasn’t too disappointed with a 44.8% savings rate, especially as I know that next month, I should be able to easily save >50% when my bonus hits my pay.
This month’s savings was topped up with £6.31 reviewing music on SliceThePie*, £22.90 recycling my old Blackberry handset, £50 premium bond winnings and £100 rent received.
Future Fund and Net Worth
My Future Fund and Net Worth will be detailed a little more next month as I update them here on a quarterly basis but here are the basic numbers.
Future Fund is now at £36,401.64, another decent jump due to favourable markets. Making some decent steps towards my goal of £50,000 by the end of the year.
Net Worth is £92,757.21, a 4% increase so far from the start of the year.
Dividends I received £5.18 from Vodafone. Dividends received in 2015 now total £14.29, so I’ve already beaten my 2014 total, which wasn’t difficult. Small steps in the right direction as I am now at nearly 10% of my share dividend goal.
Like Huw of FFB40, I had a Regular Saver account with First Direct which paid out this month. I saved £200 a month for 12 months, during which no withdrawals were allowed. Interest was 6% (before tax). My payout from this account was £2,452.66, which I’ve split across funds, shares and my cash ISA. As this account is still available and a way to get some non-risky fixed guaranteed return, I hope to start this again, again saving £200 per month.
Shares and Investment Trusts
Busy on the share-buying front this month – I bought shares in Standard Chartered plc, (some finance exposure in my portfolio), Centrica plc (some utilities exposure but I had my eye off the ball and my buy instruction for a regular investment was put in weeks ago, before they announced that they were cutting their dividend…), Amec Foster Wheeler plc (more energy but in FTSE 250) and finally Ladbrokes plc (some consumer cyclical exposure). I also started investing in British Land plc IT.
I’ve decided to sell my entire holding of Aberdeen Japan Investment Trust plc – thought I would make use of the £604 profit I’ve made (>200% return) and spread the funds across the remaining investment trusts that I now hold, which appear to have better dividend potential. This change should happen next month.
My updated investment Portfolio can be found here.
Non-Financial Goals Update
Food/Groceries Budget – I spent £90.04 this month, averaging £22.51 per week, so still comfortably under my budget.
Cooking Recipes – I learned 1 new recipe this month, making my own ‘healthy’ turkey burgers. Yes, I know, I know, I haven’t gotten round to doing any ‘proper’ recipes yet but I will do at some point! This is just another quick recipe that I can add to my easy-to-cook list!
Yoga/Pilates classes – Failed again, as only managed to attend one class! Really struggling with this one – injury stopped me last month; bad timing stopped me this month and I’m not sure it’s going to improve much. Not sure if I should abandon this goal but I’ll give it another month.
Rubik’s Cube – COMPLETED! Yes really, I can solve it without the use of instructions! Granted that I’m still a little slow (so no record times being set here) and that occasionally, I still mess up and have to start all over again but yes, I can now say that I can solve the Rubik’s Cube! Woohoo! 🙂
I thought it would take me a lot longer to learn this but I felt compelled to work on it every day, hence the fast results. I may need to give myself another challenge to keep on working my memory and brainpower!
Library Books – one library book borrowed, for a little easy reading.
Anyway, here’s how I’m doing against my goals in brief:
So, some hits (including actually achieving one of my goals already) but also some misses but I’m not disheartened.
In March, I have a couple of social events planned again, including the PF bloggers meet in Stratford-upon-Avon but it should be a good month for me savings/investing-wise and I hope it’s a good one for everyone else too!
[* Referral link]