The other day, I was pleasantly surprised to spot a guy reading a copy of ‘Rich Dad, Poor Dad‘ on the tram into work! I’m glad he was really engrossed with his reading and didn’t look up, otherwise he would have seen some strange woman grinning at him, haha! I’ve not read it myself but I wonder if it will change his life as many readers have claimed?
Anyway, the month has flown by – I had family staying for a while so had a great time with them, plus the weather was lovely, which was a bonus.
I’ve also belatedly started having work done to the kitchen. It should have been sorted while I was unemployed and had lots of free time, but well, I actually didn’t think I would secure a job so quickly, so I’ve been busy sorting things there. And eating microwaved food as I have no oven or cooking hobs!
So, how much of my net salary did I save this month?
I saved 47.9%! A couple of meals out with my sis carved a little chunk out of what I could have saved but as I don’t get to spend a lot of time with family, it was worth that bit of cost.
My average for the year is now 47.8% so still slowly creeping towards my goal of an average 50%, but I need to get a few more >50% to hike it up. Might struggle with next month (more family members coming to visit), but we’ll see.
The above savings includes £50 from matched betting profits, £50 from my Premium Bonds win, £10 lotto win, £12.77 from TopCashback* and £57.08 affiliate income from OddsMonkey (thanks to all those who joined via my link – much appreciated!).
Shares and Investment Trusts
I sold my XP Power shares to take 55% profit (including dividends received over the 10 months I’ve held the stock) – yes I did it, FiL and of course, will now attempt to avoid checking up on XPP as I don’t want to see that it’s doubled in price now that I’ve sold, haha! :).
I don’t usually sell any of my shares, mainly because my strategy is to buy and hold, but also because I find it very difficult to decide when I should be selling. Banking some profit can’t be a bad thing I guess, plus at some point, I want to simplify my portfolio so may as well sell stocks off bit by bit.
The funds from the sale will be added to my usual monthly capital to top up one of my existing ITs. Current portfolio can be found here.
Markets have continued to be mostly favourable, so my Future Fund now stands at £122,659. Continuing to advance towards my next big milestone!
Dividends and Other Income
Dividends received this month (which will be reinvested):
Those late June payments made it a record-breaking month, with dividend income crossing another line – I received £386.53 this month! I didn’t quite get to £400 but that will come next year! Plus, only the second time where dividend income was greater than matched betting profits (though that wasn’t too difficult to achieve this month!).
Total dividend income this year now stands at £1,054.18. and it looks like I’m back on track to hitting my dividend target. With five months to go, I have already received more dividend income than I did during the entire of 2016!
Here’s how things are in the graph, which looks good again after the ‘blip’ in June:
Matched Betting (MB)
With family visiting and me not spending hardly any time on MB, my profits were at an all time low this month, scraping in at £85 profit! Seems pitiful but still, it’s something and better than nothing!
Things should improve once the football season starts, although part of me isn’t looking forward to the extra effort I will end up spending to make the most of those offers.
Total profits so far this year now stand at £3,350, so looking like I might hit my MB goal of £4000 profit if I keep at it.
The matched betting guide I subscribe to is OddsMonkey*. It’s a nifty little 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. For the more experienced, OddsMonkey offers quality tools including the Each Way Matcher, Extra Place 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 questions. Anyway, you can try it out for free*.
Here’s how things look:
I finally read a non-fiction book (‘Orange is the New Black‘ by Piper Kerman – I’m a fan of the show). I didn’t learn anything that would really help me with my financial goals, except to stay on the right side of the law, haha!
Anyway, one down, two to go – I’ll try to make the other two non-fiction books semi-relevant to this blog!
How was July for you?