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

June 2016 Savings, plus other Updates

A bit of a topsy-turvy month – with the announcement at work and various members of my family arriving for an extended visit and birthday celebrations (mine!), things aren’t quite normal in the weenie household. Oh, and also Brexit happened….

jun16saved

So I managed a savings rate of 39.7%, my lowest so far this year. Meals out with friends and family plus shopping trips (again with family) incurred extra expenses.

My average savings rate has now sadly dropped below my target, now at 49.4%, so just below my target. With my family being around for a few more months and work being uncertain, I’m not sure when I’ll be able to drag this back up but I’ll do what I can.

This month’s income was boosted by £50 from rent received, £25 premium bond winnings and £25.05 from TopCashback*. I also made my first £100 investment using matched betting profits – more on that another time.

Net Worth and Future Fund 

I don’t report my Net Worth on a monthly basis, but here’s the detailed info after the second quarter:

Jun16networth(a) Figure based on August 2015 statement, plus overpayments made

(b) Personal Emergency Fund

(c) Emergency Fund for stuff related to BTL property

(d) On a 0% rate

(e) Zoopla estimated value of property as at 30/06/16

Brexit has actually had an initial positive impact on my portfolio – helped along with new capital, my Future Fund now stands at £72,192.02, an increase of 5.9% from last month.

Since December 2015, my net worth has increased by 15.2% (not including my work DC pension). I’m not really hung up on this number but it’s heading in the right direction, so I guess I’m happy.

 

Dividends and Other Income

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

2 Years!

This Sunday marks TWO years since I started blogging about my journey to FI/Retiring Early!

Happy 2nd birthday to Quietly Saving! 🙂

2nd birthday

The years have flown by but yet at the same time, it feels as if I’ve been blogging for aaaaaaages!

Back Then

Although my first post on this blog was in April 2014, I had made a note of my finances in March – my starting or pre-FI plan numbers!

Here’s the comparison between my starting numbers and my most recent update:

  • March 2014 – Net Worth: £74,595.92
    March 2016 – Net Worth: £123,213.39
  • March 2014 – Savings Rate: 26.5%
    March 2016 – Savings Rate: 60.6%
  • March 2014 – Future Fund: £30,075.11
    March 2016 – Future Fund: £64,650.75

Ok, so my savings rate last month was an unusually high one, boosted by a work bonus but even if I compare it to February 2016 which was 51.6%, it’s still a pretty good effort if I may say so myself!

I’m particularly pleased with the increase in my Future Fund because it had taken me FIVE years to save the £30,075.11 I started off with in March 2014 (what can I say….I had no plan!), yet in the two years that I have been blogging and following my FI/early retirement path, I have doubled my fund. Go me! 🙂

The increases in both Net Worth and Future Fund are largely due to new capital being chucked in every month without fail; I’ve aimed to save/invest as much of my net salary as possible, and also put away income I get from extra curricular activities, such as cashback, gambling winnings and various online activities.

Thank You

A big thanks to all who take the time to read this humble little blog – it’s a great incentive to me to know that people have a passing interest in what I have to say about my little journey and I love to read your comments and private emails. Thank you very much for helping me be accountable, giving me encouragement and helping me stick to my plan and aim for my goals!

Growth Continue reading