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.
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):
A couple of December dividends which weren’t paid into my account until early January pushed the total income received to £68.16. In January 2016, I received only £26.21.
A decent year-on-year increase, though a bit of a slow start to the year against my goal of £1,500. The first few months have historically been quite low for me dividends-wise, so nothing of any real note until April I think.
Still, it looks pretty good in the graph!
I also received £13.65 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)
Not a lot of time to do any MB and I lost a week as I was jetlagged and then unwell.
I still made £137 in profit. Again, this was pretty much entirely on football bets only (including accumulators).
Not such a fantastic start, considering I’ve set myself a goal to earn £4,000 this year via MB. Still, let’s hope I can get the profits rolling in in the coming months.
I have now made a total of £3,725 profit so far from MB since I started in March 2016, which I’m really pleased about. Again, I’ll stress that it’s not ‘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.
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.