A 50% savings rate is great, but in order for me to maintain this as an average over the year (and thus hit one of my goals
), I need to be saving well over and above 50% for the last few months of this year. I think I will struggle, what with Christmas coming up, plus I now have a trip planned for the festive period…
Anyway, here’s what I saved in September:
The savings were boosted by £20.14
from ebay sales and £50
rent received. Usually, it’s £200 rent that I put into my savings, but I’ve decided to put the rest towards my mortgage – not sure if I’ll continue to do it over the next 12 months yet though.
Yippee – 50% again but it only takes my running average for the year up to 43.86% – I was severely let down by my mad July! Never mind!
The way I’ve displayed my portfolio is different to how I’ve done it in the past. Basically, I’ve rolled my SIPP, ISA and other investments all into one ‘portfolio’ (since I’m aiming for my ‘Portfolio For All Seasons
‘) – just easier for me to track on here, although of course, off line, I track them separately for tax reasons.
Anyway, I’ve hit a bit of a personal milestone, in that my investments have gone over the £20k mark, sitting at £20,758.40 today! My goal for 2014 is to have investments worth £22k, so I’m still on track for that.
(a) Figure based on August 2014 statement
(b) Monthly payment of £147.95, final payment of £3,166.25 in Aug 2015
(c) Estimated value of property based on similar property sold in area
(d) Statement as at May 14, plus contributions
(e) This value no longer includes the money to be used to pay off my car loan.
My net worth has increased by £2,305.13 since my last update in June. This is despite removing the funds (around £2.1k) earmarked to pay off my car loan, which had been sitting in my cash ISA. These funds have now been shifted to my ’emergency funds’ pot, not to be included with my investment and savings tracking.
Anyway, my assets (not including property) now total £37,863.33, which is 15.15% of my ultimate goal.
It’s all heading in the right direction slowly – must think of tortoise versus hare to keep myself focused!
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