Ok, so I had some second thoughts after reading some of the comments from last month’s post about pulling out all stops to top up my ISA, so with just a few hours to go before the tax year deadline, I opened a cash ISA account – nowt like living on the edge, haha!
Sadly, I wasn’t able to max my ISA, but I did add another £2.5k to make it over £17.5k (moved some of my emergency cash over and withdrew some matched betting funds) – I’m in a better position than I was before so thanks to all who made me reconsider and not dilly dally! 🙂
I went for Nationwide Building Society as I already bank with them so it was quick and easy to open the account – interest is 1.4% (Nationwide gave me an extra 0.1% loyalty bonus – woo hoo, I guess!) and the account has limited access but I’m ok with that.
Let’s see how I get on with this tax year’s ISA – I’m going to have try to top £17.5k now, aren’t I? Eek!
Anyway, how did that affect my savings this month?
I saved 45.3%! My average savings rate has now gone down to 51.1%. I have now booked my holiday to HK – have paid for my flight in full (most of it via my ‘holiday fund’) but my sister has paid for my ‘holiday within a holiday’ (a few days in Thailand) so I’ll need to pay her back by next month.
The above savings was topped up with £1020 matched betting funds (I withdrew some cash from my betting and exchange accounts) and £68.54 affiliate income from OddsMonkey (thanks to all who signed up via my links!).
Shares and Investment Trusts
No new investments, I just topped up existing ones.
Current share/IT portfolio can be found here.
(Entire portfolio here)
The markets must have recovered a bit – after months of going backwards, my Future Fund now appears to be heading in the right direction again at £138,939, back on track towards my next milestone.
Dividends and Other Income
Dividends received this month:
£344.43 was received, my second best month so far. Total dividends this year stands at £910.53, still ever so slightly behind plan but still a way to go yet with some big payouts in the pipeline!
So here’s how things look on the main dividend income graph:
Matched Betting (MB)
Not a great month, even if I hadn’t made a balloon of a mistake! I lost out on £120 in profit due to a ‘fat finger error‘ – instead of laying a bet for £10, my fat finger typed £40 and I didn’t notice (should have gone to Specsavers!) – ouch! MB might be mostly risk-free but it’s not free from human gaffes!
Bad runs on both my no-lay strategies (accas and EW betting) completed the dismal month – sorry, I can’t bring myself to document the stats but my profit overall was £121.55.
Total MB profits so far this year stand at £1,036, which is way off target for my over-ambitious annual goal.
Note that there are plenty of folk who do MB who don’t touch accas or do EW Matcher betting at all but who still make regular profits from other (less riskier) offers.
As mentioned above, the matched betting guide I subscribe to is OddsMonkey*. Great for beginners and experienced matched bettors alike with quality tools such as the Each Way Matcher, Extra Place Matcher, Dutch Finder, Racing Matcher and Acca Matcher. There’s also a friendly forum for you to ask questions. Anyway, check out the free trial*.
Also, for those interested, you can also see how I’m getting on with my Book Bingo here – I’ve crossed off some more squares!
Part of my emergency fund is with the TSB bank so it was just as well that I didn’t need those funds in a hurry due to the online nightmare this month (and ongoing), when an IT upgrade/migration went spectacularly wrong – I did try to log on several times but was unable to do so (I only wanted to check my balance). One reason it might be a good idea to have your money spread across different accounts in case something like this happens.
Enjoy the bank holiday weekend (those in the UK!).