Net Worth 7 – March 2015

Category Mar 2015 Feb 2015 Monthly Change Mar 2014 Annual Change
Cash £30,010 £33,812 -£3,802 £35,205 -£5,195
Investment (ISA) £20,383 £17,453 £2,930 £4,105 £16,278
Pension £73,283 £69,350 £3,933 £54,834 £18,449
Home £340,969 £340,969 £0 £289,000 £51,969
Car £2,900 £3,000 -£100 £4,100 -£1,200
TOTAL ASSETS £467,545 £464,584 £2,961 £387,244 £80,301
Credit Card -£518 -£658 £140 -£5,802 £5,284
Mortgage -£158,088 -£158,758 £670 -£166,984 £8,896
HMRC Taxes -£9,500 -£9,500 £0 -£15,958 £6,458
TOTAL LIABILITIES -£168,106 -£168,916 £810 -£188,744 £20,638
NET WORTH £299,439 £295,668 £3,771 £198,500 £100,939

 

So nearly at the magic £300k, but just short…..hopefully I can get there in the next few months – I know I’ll be there by May, possibly April if things go well.

The stock market was treating me very well, with the FTSE’s improvements helping both my ISA and Pension substantially. as a passive investor I’m not too concerned with highs and lows of the random walk.

 

February 2015 Spending….£4,606… (luckily the majority was investments)

February 2015

 

And it’s another big number for February, mainly as I’m filling up my ISA to the limit for the end of the tax year – so *good* spending.

Quite a few categories are up from January

  • Cleaner (mainly as my cleaner has been saving up my cheques and cashing them at once)
  • Food – I was trying to economise in January, and use things up, so naturally February is a bit higher, but still within my budget of £200 a month
  • Eating out – had loads of visitors so I ate out loads, and have also got bad at grabbing food/coffee when out

Overall I’m happy, but know I could do better and be more frugal if I tried!

 

 

Net Worth 6 – February 2015

Category Feb 2015 Jan 2015 Monthly Change Feb 2014 Annual Change
Cash £33,812 £38,933 -£5,121 £37,126 -£3,314
Investment (ISA) £17,453 £14,361 £3,092 £3,765 £13,688
Pension £69,350 £68,037 £1,313 £53,706 £15,644
Home £340,969 £340,969 £0 £289,000 £51,969
Car £3,000 £3,100 -£100 £4,200 -£1,200
TOTAL ASSETS £464,584 £465,400 -£816 £387,797 £76,787
Credit Card -£657 -£859 £202 -£5,537 £4,880
Mortgage -£158,758 -£159,272 £514 -£167,973 £9,215
HMRC Taxes -£9,500 -£24,273 £14,773 -£15,958 £6,458
TOTAL LIABILITIES -£168,915 -£184,404 £15,489 -£189,468 £20,553
NET WORTH £295,669 £280,996 £14,673 £198,329 £97,340

 

Wow, so near the £300k mark, but not quite there yet… as it was a dividend quarter, where I get money in, so financially things look rosy this month.

Loving the £97k differential from last year – hoping to try and maintain that going forwards. Looking under the bonnet into to the breakdowns, most of the money came from house price inflation….so this can’t be guaranteed or expected to continue. However I’m aiming to spend significantly less this year (less home improvements for one) and have an increase in income. Combining these factors, I’m hoping to get more invested to generate income in the future, and get a large rainy day fund going in Peer to Peer, my favourite savings vehicle at the moment.

Cash has gone down as expected, as finally had to part with a good old sum of money to the tax man. Managed to hold onto it for as long as possible, to maximise the interest, so all’s good.

 

 

 

January 2015 Spending…… only £3797, going the right way.

January 2015

 

Have to say I’m very glad to be reporting much less spending in January – and that the majority of my “spending” this month is really investing, money I have contributed into my ISA.

Keeping a close eye on spending has worked wonders this month – spent much less on eating/drinking out, only clothing & fitess purchases were to replace worn out shoes.

Happy to also report I’ve negotiated a payrise for February – I’ve already upped my pension contributions (they come from my company, thus never touch my personal bank account), and hoping to save/invest the rest rather than fritter it away.

 

Net Worth 5 – January 2015

Category Jan 2015 Dec 2014 Monthly Change Jan 2014 Annual Change
Cash £38,933 £42,453 -£3,520 £39,125 -£192
Investment (ISA) £14,361 £12,111 £2,250 £3,675 £10,686
Pension £68,037 £68,404 -£367 £53,589 £14,448
Home £340,969 £336,226 £4,743 £289,000 £51,969
Car £3,100 £3,200 -£100 £4,300 -£1,200
TOTAL ASSETS £465,400 £462,394 £3,006 £389,689 £75,711
Credit Card -£859 -£1,528 £669 -£5,731 £4,872
Mortgage -£159,272 -£159,844 £572 -£168,932 £9,660
HMRC Taxes -£24,273 -£24,273 £0 -£15,958 -£8,315
TOTAL LIABILITIES -£184,404 -£185,645 £1,241 -£190,621 £6,217
NET WORTH £280,996 £276,749 £4,247 £199,068 £81,928

 

And it’s a good start to the new year, with an increasing net worth trend in a month with minimal income.

January’s a month where I’ll get my quarterly income (yippee) and also have to part with my tax money, as I’ve got £20k due by the end of the month, which was earning me some interest in the mean time.

As for the rest of the year, I know the amazing house price rises we’ve seen will start levelling off, I’m not too worried about them falling as I’m in outer London, and houses are still selling quickly round here.

I’m hoping the stock market picks up, my FTSE trackers have taken a bit of a battering lately, especially in my pension, but as I’m a passive investor, I’ve just rebalanced and will sit back and let the markets do their thing.

On track to get the ISA filled up the end of the tax year, then to fill next years up month by month – I do get paid quarterly, but I’m a big believer in dollar cost averaging, so I’ll drip feed the money in. I’m also going to save more in peer to peer lending (Ratesetter is my current choice), both for next years taxes, and for some rainy day savings.

December 2014 Spending….. £4,523

Dec

 

And for the end of the year, it’s finally good to see my monthly spending coming down – and more to the point, it’s reassuring that the main categories are ‘good’ expenditure like investments into my NISA (which I’m on track to fill up by the end of the tax year) and my mortgage coming second, cause you always need somewhere to live.

Which means that the home improvements are quietening down, not to say that the house is finished, but I’m not planning any more big expenditures until I have cash available March/April time.

I’m a bit embarrassed at how much I spent eating/drinking out in December – £309! Looking at the figures in black and white it seems outrageous, and definitely one I want to reign in in January.  I need to be taking lunch to work every day, putting healthy snacks in my handbag and stop buying coffees when out. Also worth moderating my alcohol consumptions, which was seasonally high in December.

Net Worth 4 – December 2014

Category Dec 2014 Nov 2014 Monthly Change Dec 2013 Annual Change
Cash £42,453 £46,435 -£3,982 £23,672 £18,781
Investment (ISA) £12,111 £10,321 £1,790 £3,376 £8,735
Pension £68,404 £65,322 £3,082 £52,959 £15,445
Home £336,226 £336,226 £0 £277,000 £59,226
Car £3,200 £3,300 -£100 £4,400 -£1,200
TOTAL ASSETS £462,394 £461,604 £790 £361,407 £100,987
Credit Card -£1,528 -£247 -£1,281 -£6,446 £4,918
Mortgage -£159,844 -£160,288 £444 -£169,845 £10,001
HMRC Taxes -£24,273 -£24,273 £0 -£9,205 -£15,068
TOTAL LIABILITIES -£185,645 -£184,808 -£837 -£185,496 -£149
NET WORTH £276,749 £276,796 -£47 £175,911 £100,838

 

It’s another month where I don’t get much coming in, which lets me see how I’m doing month to month as the cash stockpile empties. As expected a fair few grand of cash has been used to fund home improvements and day to day expenses.

I’m finding it fascinating to see how well investments & pensions are doing, and how they are keeping my net worth stable despite all the spending. I’m realising I need to start investing more, and generating myself more passive income, as I don’t want to work forever.

One reason I include last years results, is I like seeing how I’m progressing – and seeing if I can keep the £100k differential going year after year. Realistically, as a fair chunk of it’s from the London property market doing it’s magic I don’t think it’s achievable long term, unless I start sacrificing things like holidays.

And January’s coming round, when I have to say goodbye to some of my stash and give it over to Hector – I’ve got about 20k due to be paid in January – I’m just grateful I’ve been able to keep it a bit longer and get some extra interest for myself.

November 2014 Spending……. £6,528

November 2014

 

 

Another month when the funds have just flown out of my bank account.

However we have good news this month, as the biggest “spending” item is investments into my NISA – aiming to see if I can fill it up this tax year.

Work’s still ongoing with the floor installation, hence the high home spending, which is really improvements. And a few buy it for life purchases, some Black friday deals on Le Creuset which I couldn’t really resist as they will last forever, they are so rarely reduced and they make me very happy🙂

 

 

 

Net Worth 3 – November 2014

Category Nov 2014 Oct 2014 Monthly Change Nov 2013 Annual Change
Cash £47,485 £35,640 £11,845 £31,074 £16,411
Investment (ISA) £9,271 £8,202 £1,069 £2,328 £6,943
Pension £65,322 £63,645 £1,677 £52,879 £12,443
Home £336,226 £336,226 £0 £277,000 £59,226
Car £3,300 £3,400 -£100 £4,500 -£1,200
TOTAL ASSETS £461,604 £447,113 £14,491 £367,781 £93,823
Credit Card -£247 -£1,049 £802 -£5,553 £5,306
Mortgage -£160,288 -£160,807 £519 -£170,769 £10,481
HMRC Taxes -£24,273 -£19,273 -£5,000 -£7,798 -£16,475
TOTAL LIABILITIES -£184,808 -£181,129 -£3,679 -£184,120 -£688
NET WORTH £276,796 £266,201 £10,595 £183,661 £93,135

 

It’s been quarterly pay day for me, so another good increase in my net worth in the right direction (and why I have so much in cash).

 

The stock market hasn’t been too kind lately, but with monthly contributions to index funds my portfolio’s still growing.

October 2014 Spending….. £7,135 double gulp

 

October 2014

 

Well I just can’t help myself can I? A shocking amount of  money has left my account this month.

In my defense, most of this month’s spending has been on home improvements – specifically new flooring for my house. When you consider I’ve had a grotty carpet and bare floorboards for 3 years whilst saving for the new floor. And it’s going to be a fabulous floor, I’m buying for life with parquet flooring downstairs – and it’s looking good so far.

Apart from home improvements, the rest of my spending has been low, especially as I’ve been away on holiday thus eating out all the time.