Future Fund and Net Worth
Yo-yo-ing stocks in China again had an effect on my Future Fund, which now stands at £42,481.46.
It would appear that I’m no longer on track for my year end goal of £50k – I would need to get an average increase of at least £1.6k per month over the next 5 months and that could be a challenge too far for me – I don’t have that much spare cash to save/invest and the markets aren’t likely to be that favourable!
On top of that, there are going to be changes to my priorities which will drastically affect my savings rate for the last few months of the year. More on this at a later date. Still, my Future Fund is heading in the right direction, despite what the market is doing!
I originally included this goal on here because I’m taking part in MoneyStepper’s Challenge and that was one of the goals I submitted.
Yes, that is a big jump from last month, from when I finally crossed the £100k milestone. It was M who pointed out that I should consider using Zoopla to value my property and to my surprise, my property is worth quite a bit more than I thought! It seems like property prices have actually been going up outside of London – woohoo!
Whilst I’m very happy to have achieved this goal, the truth is, achieving my savings rate goal would mean a lot more to me.
Anyway, there should be another big increase to my net worth next month, when I finally pay off my car loan – another woohoo! 🙂
So a total of £22.26, and bringing my monthly average now to £21.87.
Oh, I also received a £50 P2P referral from Funding Circle, thanks to JimF, much appreciated and put to use already!
Current portfolio here.
Food/Groceries Budget – I spent only £92.74 this month (I was away for a week and a bit), averaging £23.19 per week. My average weekly spend so far is now £23.49 so still on target.
At 10 books borrowed so far, I’m halfway to my goal for the year. Still doable though I reckon…best get borrowing and reading!
Hope everyone had a great July too.
August is going to be an expensive one for me – two birthdays and V festival.
Oh and meeting up with fellow UK bloggers/FI wannabes in York on 14/15th August 2015!
As usual, I’ll be saving and investing what/where/when I can.
Have a fab weekend all!
[* referral link]