Net Worth 1 – September 2014 – not too shabby

Category Sep 2014 Aug 2014 Monthly Change Sep 2013 Annual Change
Cash £40,321 £42,799 -£2,478 £12,722 £27,599
Investment (ISA) £7,132 £6,179 £953 £2,096 £5,036
Pension £63,221 £61,042 £2,179 £51,143 £12,078
Home £335,666 £335,666 £0 £260,000 £75,666
Car £3,500 £3,600 -£100 £4,700 -£1,200
TOTAL ASSETS £449,840 £449,286 £554 £330,661 £119,179
Credit Card -£3,104 -£1,014 -£2,090 -£4,865 £1,761
Mortgage -£161,262 -£162,238 £976 -£172,954 £11,692
HMRC Taxes -£19,273 -£19,273 £0 -£1,998 -£17,275
TOTAL LIABILITIES -£183,639 -£182,525 -£1,114 -£182,525 -£1,114
NET WORTH £266,201 £266,761 -£560 £148,136 £118,065

 

Well, as you can see from my previous post, August was a month with loads of spending, so how did it impact my net worth?

This month’s review in brief

  • Most of my income comes in quarterly, so it’s also a month without much money coming in either.
  • Cash is down/credit card is up as expected with the month’s expenses
  • However the stock market & my monthly contributions helped my investments and pensions.
  • Only down £560, which is quite good going
  • Overall I’m happy, but could definitely do better.

Next month my strategy is changing, I’m not longer overpaying my mortgage (as it’s fixed at a snazzy new rate of 2.19%) and I’ll be directing that money to my ISA instead. I’ve also increased my pensions contributions by £100 a month, as it’s very tax efficient.

 

 

 

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2 thoughts on “Net Worth 1 – September 2014 – not too shabby

  1. Great annual change! Paying off the mortgage or saving/investing is always a great conundrum, but you have a great fixed rate there (especially in light of imminent increase in interest rate) so it makes sense. As a higher tax earner too, it’s well worth you maxing out your pension payments, so looking good for October!

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    • Thanks Weenie – I’m very happy with the interest rate and am now hoping that interest rates rise :). A very good point on pensions, I’m keen to get as much as possible in there, but also concious it’s locked up for 20+ years.

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