A couple of social outings, plus a stupid parking ticket added to my expenses. Of course, a fair chunk of my income went towards my holiday
too instead of towards my savings.
So how did this month go?
A savings rate of 31.1%, so not too bad, I guess.
This takes my average down to 46.4%. I think if I can keep my average above 40% by the end of the year, I’ll be happy, especially knowing how the expensive the end of the year will get.
This month’s savings was topped up with £20.02
reviewing music (and occasionally, ladies fashion!) with SliceMyPie
* and £100
from rent received.
Future Fund and Net Worth
My Future Fund now stands at £56,294.82, a seemingly huge jump from last month but this was due to my stakeholder pension being transferred into one of my SIPPs. Without the transfer, the balance would be £44,908.29 – an increase of over £2.5k from last month, due to the global market stabilising a little.
Net Worth is now £113,389.32, an increase of 27% so far from the start of the year.
Incidentally, this is the last month I paid into my stakeholder (the direct debit came out just before the transfer). I have now set up a standing order to pay into my SIPP for the same amount from November.
Dividends and other Income
I received £5.54 from Amlin, £5.93 from Diageo, £7.79 from GlaxoSmithKline, £2.36 from Land Securities Group, and £3.01 from Standard Chartered.
So a total of £24.63, bringing my monthly average now to £25.39.
In October 2014, my total dividend income was just £3.80, so another great increase!
Dividends received in 2015 now total £253.90.
Shares and Investment Trusts
With Amlin soon to be bought out, I decided to start investing in another similar insurance company, namely Lancashire Holdings Ltd. When I receive my funds from the Amlin sale, I think I’ll use it to build up my investment trust holdings, although I’m not yet sure if it will be a top up of existing investments or new holdings.
Current portfolio here.
Non-Financial Goals Update
Food/Groceries Budget – I spent £113.78 this month, averaging £22.76 per week. My average weekly spend so far is now £23.24 so still on target.
Cooking Recipes – I made a roast chicken dinner – I know…it seems absolutely mad that I’ve never done this before but this was my first time!
Online Earnings – Still plugging away at this bit by bit, with amounts coming in from InboxPounds, SlicethePie and TopCashback as listed above, bringing my total online earnings so far this year to £242.28. I have around £140 in the cashback pipeline, but it looks like most of it won’t get paid til next year so won’t count towards my goal.
Library books – Three books borrowed and read this month. 17 books borrowed so far, so on track to hit my target of 20 library books by the end of the year. If anyone’s interested, I track all my reading via GoodReads – add me as a ‘friend’ if you are a member!
Here’s how I’m doing against my goals in brief:
* SIPP transfer not included
Out with the Old, In with the New…
This will be my last update while working for my current company as I will very shortly be working for New Co when the sale finally takes place, just 2 weeks short of my 20 years’ service!
I’ve been told I will get continuous service – I wonder if I’ll get anything for it though?
Hope you all had a good October!