The month started off with me going halves with the neighbours on a new garden fence and I also had to get a tree chopped down so that made a bit of a hole in my bank account. A night out with friends turned out more expensive than anticipated (too many cocktails), but a couple of weekends of staying in and not spending helped keep other expenses down.
Not a bad savings rate of 46.7%, an improvement on last month’s anyway and also an improvement on the 43.4% that I saved in May 2014.
My average so far is now 50.7% , slowly getting dragged down bit by bit and likely to be below the 50% mark after June but hopefully, I’ll be able to turn it around after the summer.
This month’s savings was topped up with £11 gambling winnings (I backed the Tories to win!) and £50 from rent received.
Future Fund and Net Worth
My Future Fund is now at £41,867.92, so still on track for my goal of £50,000 by the end of the year.
Net Worth is now £99,038.93, an 11% increase so far from the start of the year and so close to that £100k milestone! I should see a good increase after August, which is when I pay off my car loan. I guess I forgot about that when I set the goal of increasing my net worth by 20% this year as I’m already over halfway there.
Lots of payouts this month: I received £3.18 from British Land Co Plc IT, £1.76 from Bankers IT plc, £11.89 from Standard Chartered Plc, £14.03 from Ladbrokes plc and £22.37 from Amlin plc.
So a new record total of £53.23, my biggest monthly payout so far!
Dividends received in 2015 now total £100.80, only £44.20 short of my total dividends goal with 7 months still to go!
Whilst it’s a lot of fun receiving and tracking my dividends like this, I do need to ensure that I don’t deviate too much from my current investment strategy, which is in the main, to invest in tracker funds. Hence, no new funds used to buy shares or investment trusts this month.
However, as a result of a de-merger, I did receive one free share in mining company South32 for every BHP Billiton share I hold, so I now have 24 shares that trade on the Australian stock exchange.
Current portfolio here.
Non-Financial Goals Update
Food/Groceries Budget – I spent £122.86 this month, averaging £24.57 per week, so just about squeezed under my weekly budget. My average weekly spend so far is now £24.43 so still on target. If I didn’t take a shopping list with me every time I went to the supermarket, blowing this budget would be really easy!
Cooking Recipes – I learned 1 new recipe this month – Sweet and Spicy Sticky Ribs – great for satisfying a big meat craving!
Online Earnings – Struggling on this one – I obviously overestimated my appetite to earn extra income this way and have found that I don’t feel inclined to make the time to do this. Still, with over half the year to go to achieve this, let’s see how I get on.
Learning to play Poker – The only progress on this is that I’ve downloaded a couple of poker apps. There is absolutely no chance of me playing for real money via these apps, I’m just learning to play, getting used to the speed at which I need to work out what is a good hand or not. As I said before, I’ll continue to take things slowly as there’s quite a lot more to take in and learn.
– Two books borrowed and read this month. At 7 books borrowed so far, I’m still a little behind on my goal of 20 library books for the year. I need to be averaging 2 library books a month now to reach my goal. Still doable though I think.
Here’s how I’m doing against my goals in brief:
On track for most of them, so not bad progress. Funnily enough, having abandoned the goal to attend two yoga/pilates classes a month, I did actually attend two such classes but this was as a result of leaving work early to make the classes so not something I can do consistently.
This month I was able to see one of my favourite bands
live again – long-haired bearded men don’t normally do it for me but I’d make an exception for Dave Grohl! Oh and maybe him
from the ‘Lord of the Rings’ movies. No, he’s not one of the hobbits, haha!
And on that note, hope you all had a great May – looking forward to reading what you got up to and how you all did!