Anyone do ‘Dry January’? Although some of my friends and family did, I didn’t bother. Since I don’t drink during the week, I see little point in depriving myself at weekends. Apparently, my sister failed on day THREE, haha!
Anyway, this month I tried to lead a frugal nun-like existence. That meant turning down social events, no eating out/takeaways (massive assumption here that nuns don’t have social events, eat out or have takeaways…).
My only purchases were basic groceries (including necessary toiletries), a gift voucher (for nephew’s birthday), stamps and a pair of socks. No January sales for me. Packed lunches for work, except for perhaps on 4 occasions where I spent less than £2 on my lunch.
On the one hand, it felt great knowing that I was going to save more of my salary this month. On the other, the frugal existence didn’t make me feel too happy and in the end, to preserve my sanity, I succumbed and forked out to see the latest Star Wars film at the cinema.
I think I already have my expenses and spending down to a decent level allowing me to save/invest whilst enjoying life – there was probably no need for me to do a frugal January but I thought I’d try it anyway. I have to say it’s not something I’ll be attempting again in a hurry, not to this extreme.
So, did my being very frugal affect how I much I saved in the first month of the year?
Yes, because I saved 59.3% – it could have been more if I didn’t have some December expenses on my credit card bill.
I know, I know…imagine if I could do this every month! But no, living like this isn’t something I would choose to do long-term, even knowing that it would help me achieve my goals quicker. I guess I’m just not in that much of a rush!
The above savings include my £25 Premium Bonds win, £16.32 from TopCashback*, £63.22 from Google Adsense (my annual payout!), £71.16 affiliate income from OddsMonkey, £130 matched betting profits, and £50 rent received.
Shares and Investment Trusts
I started investing in Witan Pacific IT this month, for some diversification.
Current share/IT portfolio can be found here.
(Entire portfolio here)
The rise of sterling and small wobbles in the market caused my Future Fund to stay pretty much the same at £133,045, despite the capital injection this month. Whatever, I’m just going to continue investing anyway.
Dividends and Other Income
Dividends received this month: Continue reading