May 2024 Savings, plus other updates

May seemed to come and go in a blur of bank holidays.

I made the most of the long weekends and the decent weather – all fence panels (front and back) have been wood stained and I even did a paintjob on a pallet my sister was about to throw out:

Also an achievement of sorts for me – I’ve managed to somehow keep the poinsettia plant I bought at Christmas alive. I buy one every year for the festive period, and usually, all the lovely red leaves drop off one by one and I’m left with a dead plant by January.  This time however, I noticed that a few leaves were resolutely clinging on, so I continued to water it and then noticed that new leaves were growing!

Whilst my garden is looking quite green with early summer blooms, my veggies don’t seem to be doing that well; the spinach bolted (for the first time) and my tomato plants don’t look that great (started off some more seedlings to see how those will go). The courgettes are looking so-so, my spuds might be ok, but let’s see.

Anyway, how did my numbers look for May?

I saved 19.2% of my net salary. The above includes £38.75 from doing Prolific surveys and a £100 premium bonds win.

Shares and Investment Trusts

No new investments, I just topped up existing ones.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

Buoyant markets saw the rocket make its return! At the end of the month, my Future Fund was sitting at £268,131.35.

Dividends and Other Income

A good month for dividend income:

I received £670.12, of which £441.48 was from my ISAs, the rest from my SIPPs. All dividends were reinvested.

Here’s what my ISA dividend income graph looks like:

 

Five months in and the income received is already matching the total income I received  for the whole of 2020 – it’s motivating to see this kind of progress.

Goals Update

How go my goals?

Did a bit better on the reading front this month.

Finished a book from my bookshelf and I also crossed off a ‘classic’ from my list, which was ‘The Three Musketeers by Alexandre Dumas’. Have always loved the dashing and heroic adventures of the musketeers as depicted on TV and film – in fact, one reason why it took me so long to finish this book (other than it being over 1,000 pages long) was because part-way through, I decided I wanted to watch the BBC adaptation, which took up some of my reading time.

I’m looking for a man in Finance...*

…actually, I’m not – just someone who can tell me how good/bad things will likely be for me, for the country, once the General Election is over with in July.

I watched the multi-party election debate and although I found myself nodding and shaking my head at various different speakers (including agreeing with and then not agreeing with the same person!), I was really none the wiser by the end of it all.  Let’s hope I am more informed by voting day, although I have a feeling that we could be doomed no matter who gets in!

That’s all for now, hope you all had a great May!

9 thoughts on “May 2024 Savings, plus other updates

  1. Good job on that reclaimed wood. I like to challenge myself to be resourceful in the garden, avoiding buying in any ridiculously overpriced compost, and seed saving / propagating plants where possible. Having said that, i’ve just treated myself to a brand new pair of Felco secateurs, so that’s the budget blown for this year!
    For the spinach, i gave up growing that as it’s far too delicate and susceptible to pests etc…..instead i grow Perpetual Spinach (more robust), New Zealand Spinach (drought hardy), and my favourite Swiss Chard (i prefer the taste). All are worth looking into if you want an easier crop.

    Still loving that nice clean ISA Dividend Income chart. As a continual format tinkerer with spreadsheets etc, i just wonder if it would be easy to bolt onto the current year column in a different colour, all of the 2023 known dividends that are yet to be paid, so you can easily see where you roughly might end up at the end of the year. If it could be easily automated, it could provide a useful guide for you (especially in the earlier months of each year).

    ps – thanks to your publicising, a friend of mine has recently signed up to Prolific and just received a first survey from them. If you have any tips/hints about how to best manage this small side hustle i’d be all ears.

    • Re the dividend chart, could you put another bar on each previous year showing how much the dividends were in this month in that year. So you can compare this month with previous years

    • Hi KC

      I have a compost bin but there’s not a lot in it, so it’s not very useful at the moment! I’m a sucker for buying plants in supermarkets/garden centres, but often look for ones which are on sale and looking like they’re on their last legs, which I then try to save, often successfully! Am learning about propogating plants and have been able to pass a few onto friends and family.

      Not sure the basic spreadsheet I have could show dividends to be paid for the current year but I may have a tinker to see it’s possible.

      Ah, good luck to your friend with Prolific. My advice, make sure all the ‘about you’ questions are completely filled in and kept up to date, so that they can send out more tailored surveys. Do as many surveys as possible, as by doing this, you maximise your earnings but also learn which surveys you might prefer to avoid doing. I don’t think I’ve done any survey that’s taken more than 15 minutes, but if you have the time, do the longer ones for more money! Don’t do desktop only surveys on mobile, you get found out and won’t get paid! And finally, good luck!

  2. That pallet with the plants on looks really good weenie, I like it! It’s great to see your numbers flying so high as well. You are now ahead of me again but I have bought a new car so back at £250k again now :D.

    TFJ

  3. Good morning, and congrats on keeping this blog up for over 10 years.
    I started reading from the start a few weeks ago, after finding this blog via Savings Ninja (Who I found thanks to Financial Independence Campaign, who I found via 1500days, who I found via MMM – I think I may need a new job, as Ive read all these blogs up to date in the past 6 months whilst at work!!).
    Anyway, just wanted to say thanks for sharing your journey, it really has been an inspiring read, and great to see a fellow Manc doing so well.
    Its felt like reading an entire novel following your journey, all the twists and turns, the shock of the redundancy, the excitement of ‘house shopping’, the highs and lows of saving rates. Really has kept me entertained.
    Myself and the wife started our journey to FI in January this year. Our plan is to do it on a very Lean Fire approach (max of 15k a year). We intend on selling up, then as we have a converted campervan, we want to go travelling in it for a few years (a la Our Tour), before returning to the UK to buy a Narrowboat and cruise for as long as we’re able. We’re both 41, and although we have around 200k to go, we’re hoping to do it by the time we’re 45!! Big ask, but as you’ve shown, challenging targets are whats needed.
    Also want to thank you for introducing me to Matched Betting, only started this week, and already covered my Subscription, plus around £30 in profit (I think – feels like I have money all over the show, and find it difficult keeping track of profits!).
    Anyway, thanks again for writing, and I look forward to reading more, and to seeing you hit 300k.
    Mat

    • Hi Mat J

      Wow – thanks very much for reading! I can’t believe you read it from the start and I’m well chuffed that you thought it was like reading a novel – I didn’t think my life was that exciting! 🙂

      I’m glad it’s provided a fellow Manc with some inspiration. I would love to hear about your own journey! Your plan of converted campervan, travelling and then narrowboat sounds so intriguing and is fascinatingly different from my own plan – I hope you will consider a blog about it all!

      Ah, good luck with the matched betting! Yes, at the start, it does feel like money all over the show, do keep good records/spreadsheets to keep track, it’s easier to have a separate current account dedicated to MB so you don’t mix your everyday funds up. I do barely any MB these days, only because I only have one account which hasn’t been restricted so it’s not even worth me tracking but it’s a few quid trickling in!

      Thanks again for reading and good luck to your and your missus with your FI journey!

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