January 2017 Savings, plus other Updates

Ok, the first savings/investment update of the year and things don’t look too different from much of last year.

My ‘income’ this month has been derived from my pay-in-lieu-of-notice (PILON) from my last job.

Previously, my savings rate calculation was based on my net income from my main salaried job, ie net of tax, NI and company pension contribution.  The PILON is net of tax and NI.

So, how have I done in January?

My savings rate was 53.6%, a great start to the year!

That said, if I’m still jobless in April, my savings rate is going to be at or around 0%….

However, next month’s number should get a very big boost as it’ll include my bonus. My highest ever savings rate so far is 70.4%, achieved in March 2015. It’s possible I could better this…watch this space!

January’s savings was boosted by £70.84 from TopCashback* and £50 from rent received.

Future Fund 

With the crippled £ sterling doing a creditable impression of a bottom-feeder, my Future Fund continues to ignore other political shenanigans and is now up to £92.321.

Dividends and Other Income

Dividends received this month (which will be reinvested): Continue reading

December 2016 Savings, plus other Updates

Hi all, I’m back! 🙂

I’ll talk about my hols in a later post but right now, I need to get my final 2016 numbers out, plus an update on how I did against my goals.

Apologies in advance for this long post but here goes…

My savings rate in December was 40.6%, resulting in an overall average in 2016 of 44.9%. Although it meant that I failed in my goal, I’m pretty satisfied as I was able to beat 2015’s savings rate of 43.7%!

December’s savings was boosted by £122.25 affiliate income from Siteground* and Oddsmonkey*, £100 from rent received and £100 from matched betting winnings.

Future Fund 

With the crippled £ sterling continuing its slide, my Future Fund got a big boost, up to £91,101. The number looks good on paper/online and I’m a bit giddy that it’s getting closer and closer to that coveted £100k milestone. However, I’m not kidding myself that things are all rosy – the UK is poorer as a result of this currency slide and of course, at some point, the stock market will come crashing down again.

Net Worth

I’ve not mentioned my net worth in a while, only because it’s not something I regularly track. Anyway, my net worth is now £163,004, an increase of 39% from the start of 2016.

I have no idea what a ‘good’ net worth number should be so I’ll just say that I think that’s a pretty good increase!

Dividends and Other Income

Dividends received this month (which will be reinvested): Continue reading

November 2016 Savings, plus other Updates

Have finally recovered from work’s Christmas party/leaving do! Hangovers get so much worse as you get older!

Anyway, it was probably one of the best parties I’ve been to – lots of mixed emotions but what I do recall was a lot of fun and laughter.

Work for me is winding down a little as I begin to hand over the rest of my responsibilities. Not long to go now.

Anyway, how do things look on the numbers front?

nov16saved

So I managed a savings rate of 38.1% – gift-buying has taken its toll a little here but still not too bad. I’ve only a few more items to get now so for me to be able to have a decent savings rate is still a big achievement for this time of year.

My average savings rate however continues its downward trend  –  it’s now at 45.2%. If I can get it to be at least 45% by the end of the year, I’ll be well happy.

This month’s income was boosted by £50 from rent received and £10.36 from TopCashback*.

Future Fund 

Markets went a little wobbly this month, so my overall portfolio dropped a little and now stands at £86,188.

Dividends and Other Income

Dividends received this month (which will be reinvested): Continue reading

Departing Parties and Black Friday

Next Wednesday sees the second (and largest) group of people leaving the company through redundancy – nearly 40 of them in total.

There haven’t been too many changes in the office these past few months, just some rearrangement of desks and equipment but this mass exodus will make a big difference to the atmosphere, certainly to noise levels.

All those leaving have got invitations to the Christmas party/Leaving bash – it’s predicted that it’s going to be a rather messy affair – well, messier than usual!

What about me?

I have had my final consultation meeting and my official day of leaving confirmed as 31st December 2016.

My severance package, as mentioned before, is close to a year’s salary, plus I will get paid 3 months in lieu of notice.

Also, through my ex-boss’ efforts, the package will include an annual bonus which the company was not obligated to pay as it’s not in my employment contract, so that’s an unexpected and welcome windfall.

Job Seeking

So how has my job hunting gone so far?

Err…it’s not even out of the starting blocks.

My CV is complete and ready to go, my LinkedIn profile all up to date but my head and heart are not committed to the cause.

I don’t see any point in applying for jobs and going for interviews in a half-arsed manner – when I do it, I’d like to give it 100% and right now, I just don’t have the energy or desire.

All I’m thinking about is making the most of my last days working with my friends and colleagues (funnily enough, we’ve started going to the pub every Friday lunchtime!) and then spending some quality time with my family over Christmas in Hong Kong.

Since I no longer need to rush back for work, I’ll be extending my holiday beyond the new year for a few weeks (just need to rearrange my return flight) – I think after 21 years working for the same company, I’m due a decent break!

Black Friday

Unless you’ve been living under a rock on some far off asteroid, you’ll probably be aware that it’s Black Friday today.

blackfriday

I don’t think I’ve ever really been excited about it, even when the concept was first introduced in the UK. I’ve mentioned in the past that shopping has never really been something I enjoy doing – during my ‘spendy days’, it was more something that I did out of habit and fortunately, I got out of the habit.

Anyway, contra to the norm, I did make a purchase today, one which amounted to several hundred pounds – I bought a new mobile phone handset. I had been planning to replace my current phone when my contract ended in December as (being a Blackberry) it will no longer be supported by certain apps next year, apps which I regularly use.

Yes, I could have gotten a cheaper phone but what the hell, I used matched betting winnings to buy it (took a leaf out of Jim’s book, as he bought a handset with his MB winnings) so I’m not out of pocket. I certainly wouldn’t have bought it using my own money!

I’ve also switched from contract to SIM only, pitched BT Mobile against EE to negotiate a great deal (even though they are now technically the same company) so my monthly phone costs have dropped from £15 a month to £9 a month and I get a far superior data plan to boot.

I hope to do much of my gift shopping soon but I will avoid the shops this weekend, opting instead to go on Monday during my day off as I think it’ll be a little quieter.

For those who love Black Friday, I hope you bag some bargains. For those who don’t, hope you enjoy this “normal” Friday and have a great weekend!