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): Continue reading