Well, it looked like summer was well and truly over up here and it was time to dig out the warmer clothes already, but then it turned all sunny again! I don’t know what to wear any more!
Life is more or less back to normal – the family have all gone home so the house is all quiet again.
Work has been busy, despite many people being off for the summer holidays – one week, I’m one of the employees of the month (yay!), the next, they’re asking me to work on the bank holiday (I’ll get the day back in lieu).
I’m sure it’s just a coincidence…?
Anyway, I had several social outings this month so how did that affect my savings in August?
I saved 35.8%, which sees my average savings rate going down to 44.9%. Still a decent savings rate in the scheme of things but not great for the target I’ve set myself!
The above savings includes top ups from £148 matched betting profits (from last month), £18.06 from TopCashback* and £137.42 affiliate income from OddsMonkey (thank you 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)
I didn’t really notice what the markets were doing so all I can say is that with extra capital and reinvested dividends, my Future Fund now stands at £149,204.30, still steadily making progress towards my next big milestone.
Dividends and Other Income
Dividends received this month:
After last month’s record-breaking income, I received a more down to earth amount of £248.25. Total dividends this year now stands at £2,058.40, so I’m two-thirds of the way to reaching 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)
With great relief, the domestic football season started this month, so plenty of new offers and of course, football accumulators (accas) to get stuck into. I ended last season on a negative after a bad run on the accas so have decided to cap my bets on these to £10 to keep the variance down.
Anyway, it was a great month and I managed to get £894, my second highest month in profits since I started MB. For those interested, the profit ratio of actual MB (football and horses only), no-lay accas and no-lay EW betting was 18/18/64.
People often ask me how much time I spend on my MB as they think it’s only worth them doing if they get what they deem to be a decent hourly rate.
I don’t tend to log my hours because I think an hourly rate is what you consider when you’re doing a job and MB is a hobby which I do in my free time by choice. Anyway, I thought I’d make a note of my time spent on MB this month.
It took me just over 22 hours to earn the £894 so that’s just over £40/hour. This is a lot more than what I earn in my salaried job!
In the same month, I also spent time on some other hobbies, for which I earned an hourly rate of £zero/hour:
- over 60 hours reading/commenting on blogs and tweets
- around 40 hours watching TV
- around 28 hours reading (books)
Of course, as you can gather from my monthly updates, my usual profits aren’t anywhere near what I’ve earned in August, but as none of my other hobbies (which I spend more time on) earn any income whatsoever, for me, it’s worth my spending a bit of spare time on MB.
Total MB profits so far this year stand at £2,643, still well behind on my target but if I can score a decent average over the last few months of the year, I should be there or thereabouts.
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 Oddsmatcher, 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.
Matched betting isn’t for everyone but you won’t know if you don’t try! Anyway, check out (with no obligations) the free trial*.
Yes, finally got one non-fiction book in the bag – a couple of fiction novels and then I hope to move onto the next one which should be an easier read!
Might struggle with the library books goal now – have books lying around the house which I was planning to read this year. Think more time reading books, less time reading blogs is in order, haha!
Anyway, hope you all had a great August!