March 2017 Savings, plus Other Updates

An ‘action-packed’ month, filled with interviews, lots of matched betting, plus a short trip to Hong Kong to see my poorly Grandma (getting better but not fully recovered).

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

So, how have I done in March?

After last month’s record-breaking savings rate, it’s back to a good solid savings rate of 58.6%.

This pushes my average savings rate so far to 64%.

As I’m still only at interview stage with regards to my job hunting, it’s highly unlikely that I will have a salaried wage in April.

As I have always worked out my savings rate to be what I save from my normal working wage, this means that my savings rate is going to be a big fat ZERO! I know others calculate their savings rates differently but I’m just being consistent with my own calculations.

I think I’m likely to continue to invest using matched betting and other income – I guess others might not save/invest whist unemployed but I feel that I need to keep the saving/momentum going, even at a reduced rate. At least in the short term, anyway.

March’s savings was boosted by the £50 I won in Premium Bonds, £50 from rent received, £292.40 Jobseekers Allowance (ahem, continuing to make the most of ALL my income while I can), £14.62 from TopCashback*, £250 matched betting profits and I was lucky on the lotto again so another £10 win has been chucked into the pot too.

Future Fund 

As mentioned in my last post, I hit my biggest milestone so far, that of reaching £100k in savings/investments. With Brexit triggered and more Trump shenanigans in the news, the markets wobbled a little but my Future Fund ended up at £100,442.

Dividends and Other Income

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

February 2017 Savings, plus other Updates

Time for another update!

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

So, how have I done in February?

Well, I achieved my highest ever savings rate –  79.8%! Woo hoo! 🙂

Rather incredible but most certainly a one-off, largely due to the work bonus which I used to purchase my Dogs of the FTSE portfolio earlier in the month.

This pushes my average savings rate so far to 66.7% but as mentioned before, if I’m still jobless in April, my savings rate is going to be at or around 0%….

February’s savings was boosted by £50 from rent received, £229.75 Jobseekers Allowance (ahem, gotta make the most of ALL my income while I can), £63.10 affiliate income from OddsMonkey* and I had a £10 lotto win which I’ve chucked into the pot too.

Future Fund 

The big extra capital injection and the stock markets still being favourable to my portfolios despite political shenanigans means that my Future Fund is now up to £98,642, which is getting rather close to that big milestone!

Dividends and Other Income

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

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