So having decided that I will be diverting some of my hard-earned cash towards a big holiday
with the family next year, what has this done to my savings rate this month?
A savings rate of 33%, which is a lot better than I thought I would be able to achieve. Only one rather frugal social outing this month (a good old fashioned pub crawl, no less!) meant that social expenses were kept to a minimum.
My average savings rate however, is now down to 48.1%
This month’s savings was topped up with £21.73 from TopCashback* and £50 from rent received.
Markets are still all over the place – my strategy is to carry on saving and investing as before.
The good news is that there’s been an increase (albeit tiny) this month, even if it is due to money invested this month. My Future Fund now stands at £42,363.03, miles behind on my goal but at least heading in the right direction again.
I realised that I may have confused some people when it looked like I’d ‘magically’ cleared my £3k car loan payment out of thin air. I had moved the funds intended to pay off the loan from my Future Fund spreadsheets as I knew I was going to spend the cash, but I should have still included it in my net worth calculation.
I’m now going to start including these kinds of funds in my net worth calculation, especially as I need to start building up some sort of emergency fund (or funds, rather).
Anyway, here’s how things look in a bit more detail:
(a) Figure based on August 2015 statement, plus overpayments made
(b) Just starting my personal Emergency Fund…
(c) Just starting an Emergency Fund for emergencies related to my BTL property…
(d) On a 0% rate
(e) Zoopla estimated value of property as at 30/09/15
(f) Statement as at May 2015, plus contributions
Net Worth is now £109,784.67, an increase of 23% so far from the start of the year. However, this has gone down from last month, as Zoopla’s estimated valuation of my BTL property has dropped. I never thought property prices (in Manchester) could yo-yo that much but I guess I don’t tend to pay much attention really to such price movements normally.
Dividends and other Income
I received £4.51 from BP, £8.27 from Rio Tinto, £19.72 from BHP Billiton, £10.95 from Vanguard All World High Div Yield ETF and £3.25 from Bloomsbury Publishing.
So a total of £46.70, my second highest monthly dividend income so far!
I can finally do my first year on year comparison:
In Sept 2014, I received dividend income totalling £0.19, so you could say I’ve made a bit of a leap in this area, hehe!
My monthly average is now £25.47, dividends received in 2015 now total £229.27.
Shares and Investment Trusts
The only shares I purchased this month were the ones for my Monkey Stocks portfolio.
Update coming up in the next day or so on all challengers taking part – watch this space!
Non-Financial Goals Update
Food/Groceries Budget – I spent £102.71 this month, averaging £25.68 per week – first time I’ve gone over-budget I think this year! My average weekly spend so far is now £23.29 so I am still within my targeted budget.
Cooking Recipes – Corned Beef Hash and Salt & Pepper Ribs – two recipes this month so I am back on track with my goal.
Online Earnings – Still lagging on this one but received an amount from TopCashBack as listed above, bringing my total online earnings so far this year to £210.18.
Library books – Two books borrowed and read. 14 books borrowed so far, so I’d say I’m still on track to hit my target of 20 library books by the end of the year.
Personal finance/investing books – well I finished reading my second one so I have achieved my goal! Will post a mini review shortly.
Here’s how I’m doing against my goals in brief:
It was good to be able to cross off another goal – I know it was only 2 books but as someone who generally reads fiction for fun, I struggled with them, even though I know reading such books are of more benefit to me than getting lost in made up worlds!
Hope you all had a great September!