So it was back down to earth again this month – back to work, back to a mix of sunshine and rain – a great British summer!
I’ve had my sister and nephew staying with me, spent a nice weekend with them, so while they’re visiting friends, I’ve been able to update the blog, do my numbers and also catch up on a bit of blog reading.
My fridge freezer finally arrived and so my kitchen is complete at last! However, I keep inadvertently going back to the old fridge which is now empty – I guess it will have to revert back to being my ‘beer fridge’!
Anyway, how did I do with my savings in July?
I saved 40.3%, which sees my average savings rate going down to 46.2%. A little higher than expected but some costs are on my credit card which won’t be settled til next month.
The above savings was topped up with £64 matched betting profits (from last month), £50 premium bond win – woo hoo! 🙂 and £63.98 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 mostly went up for me this month and with the extra capital, my Future Fund now stands at £147,993, still steadily making progress towards my next big milestone.
Dividends and Other Income
Dividends received this month:
A record-breaking £537.51 was received! This amount pretty much covers all of my household bills, although alas, I won’t be getting this much every month! Total dividends now stands at £1,810.15, so back on target to reach my goal. All dividends are reinvested, bundled up with whatever extra capital I invest monthly.
So here’s how things look on the main dividend income graph:
Matched Betting (MB)
Considering I was away for the first week of the month and I’ve had family staying with me for the past week or so, thus limiting my MB activities, it’s not been a bad month, with my profits coming in at £295.
Total MB profits so far this year stand at £1,749, still well below target but I’ll keep plugging away – am hoping the football season will change things! Mixed results with my Each Way betting – I had a really bad run but managed to turn it around.
For those interested, here’s a graph of my EW betting so far:
Those dips don’t look very big but much like the stock market, the losses feel horrible when you’re on that downward slope! Note that variance was minimal in the early days because I was on really small bets, just trying out the strategy.
The strategy works (my ROI is currently 9.1%), just need to have a stomach of steel to ride out the variances! By the way, that flat-line in July was when I was on holiday!
As mentioned in my last update, TheFIREStarter has written an excellent piece on his Each Way betting strategy – my strategy is very similar, except that I’m not doing big bets (max £5 each way) so my profits (and losses) are smaller.
I realised recently that I haven’t been very consistent with what I did with my MB profits so starting from this month (and for the rest of the year), I will be chucking 50% of the previous month’s profits into my ISA. I’ll review this at the end of the year.
As mentioned before, the matched betting guide I subscribe to is OddsMonkey*, which is 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 are step by step guides and also a friendly forum for you to ask questions and get help on any of the offers. Anyway, check out (with no obigations) the free trial*.
In the ‘passive vs active income battle’, dividend income has overtaken my MB profits – great that the dividend income can just roll in while I do nothing but I need to keep at the matched betting to keep that side up!
Still struggling with that non-fiction book I’m reading but the end is near! It’s dragged on so long that I’m now in ‘library fine’ territory so need to finish it ASAP (I can’t renew it any more!).
Am so behind on the rest of my reading too, so must start making time again for my books.
And that’s it really – apparently the weather’s going to lighten up again from the weekend, which I’m glad as I don’t want the summer to be over just yet and I’ve got a social outing with friend and want to wear my sunglasses!
Hope you all had a great July!