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%!
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.
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):
A nice sum of £118.94 in dividends hit my accounts, the third time in 2016 I’ve managed to get >£100 in one month. In December 2015, I received £85.
So, total dividends received for 2016 was £1,007.61! Woo hoo! 🙂 I never expected to get more than £1k and I was already happy that I had achieved the goal I set (£720)!
Average monthly dividend income was £83.87 – this amount could cover my gas and electricity bills!
Anyway, here’s how it all looks compared to previous years, showing how far I’ve come in a relatively short time:
I also received £12.45 from my P2P investments.
Shares and Investment Trusts
No purchases made in any new shares/investment trusts – I just topped up some of my existing tracker funds.
Current portfolio can be found here.
Matched Betting (MB)
As my mind was either on winding down my job or getting things sorted for Christmas and the holiday, there wasn’t a lot of time for MB in December.
I still made £216 in profit. This was pretty much entirely on football bets only (including accumulators).
I’ve now made £3,588 profit so far from MB since I started in March 2016, which I’m really pleased about. I can’t say that it’s ‘easy’ money as you need to put in effort to make the money but I enjoy it and I don’t have any other hobby which makes me money.
Of this profit, I invested 36% of it, spent 29% (on a new mobile phone) and donated 10% to charity (increasing my charity giving by nearly x10 compared to last year!) The rest has been ploughed back into my MB funds so that I can continue to take advantage of offers.
The matched betting guide I subscribe to is OddsMonkey*. It’s a great website for beginners and seasoned matched bettors alike – for beginners, there are plenty of tutorials which provide you with step-by-step guides on how to make profits and to work through special offers. They also offer one-to-one sessions for those who need a little more help. For the more experienced, the tools offered by OddsMonkey are fantastic, including the Each Way Matcher, Dutch Finder and Acca Matcher, all of which I have used successfully. There’s also a friendly forum for you to ask any questions. Anyway, you can join for free to try it out.
Here’s how things finished up:
Three out of five aint bad! I was tempted to just add some redundancy money into the emergency fund so that the goal would be achieved but that would have been defeating the object – the aim had been to top it up with my normal income.
So, that was me for December and for 2016.
Despite some not-so-great things happening to me (including a life-changing work event and a relationship breakup), I’ve come out at the end still generally upbeat, still compos mentis and financially better off so I’ll notch that up as a good year!
I now have a ton of blog reading to catch up on!
Hope everyone had a great end to 2016 and achieved their goals.