A month of distraction, therefore a month of higher-than-usual spending and I think some of this might overlap into next month as I used my credit card to pay for some stuff towards the end of the month.
I had family staying (again) so enjoyed some days out, quite a bit of eating out and also had some fun playing cricket in the garden with my nephew. Don’t ask me the rules though, I only know the bare minimum!
Had a weekend away at V Festival (the awesome Pink was headlining). As well as for the music and the atmosphere, I love going to festivals as they’re the only places where I think you can safely people watch (as in really people watch), ie staring at what they’re wearing (or not as the case may be!) and at their tattoos (of which a lot were on show) and nobody bats an eyelid! There’s only so much of that you can get away with on a night out in town without causing trouble!It’s a pity that the only thing available to drink was crap beer (“probably the
best worst lager in the world”) but that didn’t stop me from drinking large quantities of it! My fellow festival goers were on wine, which I believe was not a great vintage vile and just got them drunk quicker – apparently, as time went by, it started to taste better! The weather wasn’t great and although we had a few hours of sun, it was just rain later on but we were prepared!
So, how much of my net salary did I save this month?
Well, I saved 36.2%. Although still a fairly decent chunk of my salary, as expected, it’s lower than my usual figure.
My average for the year has now dropped to 46.3%. With only four months of the year left, I have a feeling I am going to struggle to hike it back up on track. My social diary is starting to fill up, I have a pretty big holiday in a couple of months time and although I will try to keep spending in between these events low, inevitably, my savings rate will continue to take a hit.
Of course, I could always sacrifice my social life just so that I could hit my goals but that’s not something I’m prepared to do right now or in the foreseeable future, if I’m honest. As and when I get close to my end goal however, I may change my tune.
The above savings includes £100 from matched betting profits and £62.81 affiliate income from OddsMonkey (thank you to all those who joined via my link – much appreciated!).
Shares and Investment Trusts
Nothing new was purchased, I just topped up existing holdings.
Current portfolio can be found here.
Despite the slight wobble in the markets, with extra capital added, my Future Fund continues to grow and now stands at £125,946. Slowly plodding on towards my next big milestone!
Dividends and Other Income
Dividends received this month (which will be reinvested):
After last month’s record-breaking income, this month’s was a bit more average and I received £155.01. Great to see another month where I’m getting >£100 and I look forward to the day when I will get at least this every month in dividends.
Total dividend income this year now stands at £1,209.19. so looking likely that I will hit my dividend target although that’s assuming the December dividends don’t roll over into January.
Here’s how things are in the graph:
Matched Betting (MB)
With family visiting and the festival weekend, the much touted football season didn’t start off with the usual fanfare and MB-wise, definitely not with the bang I was hoping.
Some of the accumulator offers which I made consistent profits on previously are no longer available and I’ve had to amend my strategy, taking more risk in the guise of ‘no lay’ accumulators, which to me feel close to gambling and I’m not 100% comfortable doing, although they do take up less time. I’ll see how I get on with these anyway and hope I can stomach the interim losses! Anyway, profits for this month? Just £150.24, which is pretty disappointing but still, better than nothing and indicative of the time I spent on MB, ie not a lot.
Total profits so far this year now stand at £3,500. After such a great start in the first half of the year where it looked like I was going to ace my goal, if I carry on the way I’m going now, I might struggle to get close to it! Let’s hope I have a better September and luck is with me!
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’m confident of hitting 4 of those goals but we’ll see.
Another month where dividend income was greater than matched betting profits (just) – it’s great when passive income beats ‘active income’ but mixed emotions about it this time, as I really should have brought in more from MB this month.
I did read a couple of books in August, but they were neither library books nor non-fiction! I should be back on track from September.
Getting close to my charity goal though, I should bag that one in the next month or so.
How was August for you?