Category Archives: Savings

Milestone Reached!

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I don’t normally check my portfolios before the end of the month but recently, I’ve been itching to because I knew I was close to a big milestone.

I logged onto my investment accounts this morning to see that my Future Fund (ie my FIRE pot) has finally surpassed £200,000! Woo hoo!

Back in June 2017, me and John Kingham of UK Value Investor blog were in a friendly ‘race’ to see who would hit £200k first – I lucked out and got there the quickest.

I had predicted that it would take me 5 years; it’s actually taken me around 3.5 years to get £100k.

Eleven Years

This milestone has been more than 11 years in total in the making!

The first £100k took me around 8 years – 5 years for the first £30k, when I had no plan and no direction, then 3 years to get £70k after I’d devised my plan to aim for FIRE.

Yes, if only I’d made a plan earlier, I could have reached this milestone in a fewer number of years, but I can’t dwell on what I could have and should have done in the past.

I feel quite giddy and am very pleased with myself, that I’ve patiently stuck to my plan over the years and did not get distracted or fall off the rails.

Of course, by the time I run my September-end numbers, it’s possible that the stockmarket will have fluctuated and I may be back below £200k but I think I’m allowed to celebrate this small win now, when there’s not a lot to celebrate in the world currently.

Anyway, thank you readers of this blog for helping me get there in the first place!

Onwards to the next £100k!

August 2020 Savings, plus other updates

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Another month has passed in this strange year.

Some ‘interesting’ things which happened in August:

    • I ate in a restaurant (thanks for the 50% discount, Rishi!). It was nice to dress up and enjoy a pleasant evening outside of the house. Something I’ve missed a lot.
    • I put petrol in my car! I filled up the day before lockdown and haven’t really driven anywhere so it’s taken this long to use up my petrol.
    • I grew something edible and ate it! So excited as I’ve never had green fingers!

My runner beans!

    • I baked! I don’t normally do baking – I reckon the last time I baked anything was in school during one of my disastrous Home Economics classes! Anyway, I baked some healthy breakfast biscuits, which even my sis and nephew enjoyed!
    • I bought some books! I don’t tend to buy books because I use the library. Although I’ve enjoyed reading ebooks on my Kindle, I really miss holding a physical book in my hands so not knowing when my library is going to reopen, I succumbed to buying some books which I’ve been wanting to read in a while.

Can’t wait to get my teeth into these (not literally!)

    • I tried a couple of recipes with Gousto* (50% off your first box and then 30% off your first month’s subscription if you sign up via my link – while offer lasts). My sis does most of the cooking duties and we didn’t want to start getting takeaways for variety so I’ve subscribed to Gousto on my friend’s recommendation to cook some different meals. These have worked out really well – I’ve cooked some meals I never would have dreamt of cooking (all delicious so far!) and at a decent price (cheaper and healthier than takeaways for definite). I’m on a fortnightly subscription but weekly or monthly are available.
    • I was Employee of the Month – who needs to be in the office to put in a good shift and be recognised? 🙂

As there’s been no change to the lockdown requirements in Greater Manchester, I’m still only leaving the house as necessary, still not been back into the office yet although I am actually looking forward to when I do eventually go back in, just to see some different faces.

Anyway, how did I get on with my savings in August?

I was able to save 47.1% of my net salary – there was quite a bit of spending, including gifts for a couple of special birthdays, some bits and pieces for the garden and some purchases I made the back end of July on my credit card.

The above savings includes top ups from a £75 premium bond win (woo hoo!), £50 Matched Betting profits (from last month), £57.69 from affiliate income from OddsMonkey* (thank you to all who signed up via my links!) and £20.20 from TopCashback*.

Shares and Investment Trusts

No new investments, I just topped up existing investments.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

Big rises in the stock markets meant that my Future Fund jumped up to £197,334, but with some market wobbles this week, I’ll be lucky if I finish as high, come end of September.

Still v-shaped!

Dividends and Other Income

A better month for dividends:

Continue reading →

July 2020 Savings, plus other updates

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Compared to the past few months, July has been positively ‘exciting’ and ‘action-packed’:

  • I took my car for its service and MOT – it passed!
  • I went to the hairdresser – au revoir unruly tresses and grey hair!
  • I went walking on the Ingleton Waterfalls Trail in North Yorkshire!
  • I went to a friend’s house for a socially-distanced BBQ!
  • I bought a sausage roll from Greggs!
  • I got a McDonalds delivery!
  • I went back to the gym – need to get rid of my lockdown flab and to counter the last two points!

One of the waterfalls at Ingleton

Does it feel like things are getting back to normal?

It was beginning to feel that way, until the newly imposed lockdown measures for Greater Manchester (where I live) were announced, due to some spikes in people testing positive for COVID-19. Ah well.

Despite things being more relaxed earlier in the month, I’ve still not been back in the office, nor have I visited a pub or a restaurant.

I’ve been wearing a mask – lots of confused messages about where you should wear them, so my thinking is that if in doubt, I’m just going to wear one.

Anyway, how did I get on with my numbers?

I was able to save 61.6% of my net salary!

The above savings includes top ups from yet another £25 premium bond win, £50 Matched Betting profits (from last month), £35 football predictions winnings and £24.54  from TopCashback*.

Shares and Investment Trusts

No new investments, I just topped up existing investments.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

Ups and downs in the stock market, with it ending on a down, just as I was running my numbers!

So a bit of a dip from last month, with my Future Fund standing at £191,900.

Will it go back up or continue to fall? It’s anyone’s guess!

Sitting at the top of a rollercoaster and about to go down the other side?

Dividends and Other Income

Remember when I said that I hadn’t really been affected by any dividend cuts?

I spoke too soon!

Continue reading →

June 2020 Savings, plus other updates

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Into month 4 of lockdown and if I’m honest, I’m not in a hurry for things to change (apart from a much-needed haircut!).

No plans to venture into any pubs on ‘Super Saturday‘ – I’ll make do with socialising online a while longer.

The woods near where I live

This month, it was my birthday and I celebrated by going for a nice walk in the woods, a boozy Zoom night in with friends and my sis cooked me a steak dinner.

We’ve had some lovely hot days, which would have been more enjoyable had I not been working.  I’ve got a ton of holidays left so I’d better start using them up.

As well as the hot days, we had the typical rainy ones too and I spent such time engrossed with The Great British Sewing Bee, which I think I enjoyed more than the better known The Great British Bake Off, probably because I’m a better seamstress than I am a baker!

There was an online Manchester FIRE meet up, which was fun and interesting. Although I really enjoyed the meet ups we had in the pub, these online ones meant that people from afar could dial in, including various people from London and even one lady from Uruguay!

The next meet up is Friday 21st August – sign up to Meet Up for the details (time and Zoom link).

I’m trying my not-very-green-fingered hand at growing vegetables and whilst I’m nowhere near the level of expertise as Jase of FIRE Lifestyle, I hope I’ll be able to share some photos of the fruits of my labours at some point! The veggies I’m trying to grow are green beans, carrots, potatoes and cherry tomatoes.

At work, our office has reopened and those who want to go back in have done so and although it looks like they’ve made the place appear safe, I’m in no rush to return. At some point, I do want to go in to retrieve some things from my locker and I guess it would be nice to see some of my colleagues.

Anyway, how did I get on with my numbers?

I was able to save 66.8% of my net salary!  I received a credit card refund for my Wimbledon tennis tickets, so an extra £180 got chucked into my ISA.

The above savings includes top ups from yet another £25 premium bond win, £10 lotto winnings (from charity lottery) and £68.91 affiliate income from OddsMonkey* (thank you to all who signed up via my links!).

Shares and Investment Trusts

No new investments, I just topped up existing investments.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

The stock market continues to do its own thing without a care for what’s happening in the world.

My Future Fund stands at £192,197, which means it’s finally higher than what it was at the start of the year, so all losses have been recouped (not counting capital deployed in the last few months).

Still looking ‘V’ shaped

Heading back in the right direction but really, who knows for certain?

Dividends and Other Income

What dividends did I receive? Continue reading →