An ‘action-packed’ month, filled with interviews, lots of matched betting, plus a short trip to Hong Kong to see my poorly Grandma (getting better but not fully recovered).
My ‘income’ this month has been derived from the last of my pay-in-lieu-of-notice (PILON) from my last job.
So, how have I done in March?
After last month’s record-breaking savings rate, it’s back to a good solid savings rate of 58.6%.
This pushes my average savings rate so far to 64%.
As I’m still only at interview stage with regards to my job hunting, it’s highly unlikely that I will have a salaried wage in April.
As I have always worked out my savings rate to be what I save from my normal working wage, this means that my savings rate is going to be a big fat ZERO! I know others calculate their savings rates differently but I’m just being consistent with my own calculations.
I think I’m likely to continue to invest using matched betting and other income – I guess others might not save/invest whist unemployed but I feel that I need to keep the saving/momentum going, even at a reduced rate. At least in the short term, anyway.
March’s savings was boosted by the £50 I won in Premium Bonds, £50 from rent received, £292.40 Jobseekers Allowance (ahem, continuing to make the most of ALL my income while I can), £14.62 from TopCashback*, £250 matched betting profits and I was lucky on the lotto again so another £10 win has been chucked into the pot too.
As mentioned in my last post, I hit my biggest milestone so far, that of reaching £100k in savings/investments. With Brexit triggered and more Trump shenanigans in the news, the markets wobbled a little but my Future Fund ended up at £100,442.
Dividends and Other Income
Dividends received this month (which will be reinvested):
A great year-on-year increase, continuing to make steady steps towards my goal of £1,500. Total dividend income now stands at £231.90. Good to have my first month where income is >£100 – last year, there were only 3 months where I achieved this (June, Oct and Dec), so this is a great start.
Also good to see dividends start coming in from some of my Dog shares, namely AstraZeneca, Persimmon and Royal Dutch Shell.
Here’s how things look in the graph:
I also received £15.74 from my P2P and Property Crowdfunding investments.
Shares and Investment Trusts
I made a new purchase in Edinburgh Investment Trust. I also added to my property crowdfunding* investments using some matched betting profits.
Current share and IT portfolio can be found here.
Matched Betting (MB)
First off, a massive thanks to TheFireStarter who did me a huge favour this month at very short notice. Without his help, there was a chance that I could have lost £200 – I owe him more than a few pints!
So this month, I decided to try ramping up my MB activities, including doing more horse racing and more football accumulators (accas). On the horse racing front, I took part in the Cheltenham Festival offers, which many matched bettors see as the best four days in the calendar.
My winnings for the festival were a modest £400 as I kept my bets fairly small (between £10-£20) – my strategy was the long term preservation of my betting accounts by (hopefully) not drawing undue attention to them with big wins. The sheer number of offers available and me trying to do as many as I could (and trying not to make mistakes) meant that the 4 days were both exciting and stressful!
On the acca front, at one point I had between 15-18 accas going at the same time. Running so many simultaneously meant there was a real risk of making mistakes (and I did), such as forgetting when matches were on etc, and I was forever double-checking my numbers to make sure I had done correct backs/lays. Again not fun, but profits were increased.
So, I hit another milestone this month, that of making over £1k in a month for the first time from MB – my total profit for March was £1,270. This was all from football and horse racing MB only.
After two relatively poor months, I’m now on track for my MB goal of £4000 profit.
I think I will continue to do some horse racing as well as football but I certainly won’t spend as much time as I have done this month on MB – I want to continue to enjoy it, not be stressed by it plus, MB plays havoc with your social life!
The matched betting guide I subscribe to is OddsMonkey*. It’s a great website for beginners and experienced matched bettors alike – for beginners, there are plenty of tutorials which provide you with step-by-step guides on how to make profits and to work through special offers. They also offer one-to-one sessions for those who need a little more help – I believe these sessions are very popular as there is sometimes a waiting list. For the more experienced, the tools offered by OddsMonkey are fantastic, including the Each Way Matcher, Dutch Finder, Racing Matcher and Acca Matcher, all of which I have used successfully. There’s also a friendly forum for you to ask any questions. Anyway, you can join for free* to try it out.