With all the excitement (and expenses) of a wedding & honeymoon in the last few months it’s been impossible to accurately track all the income/expenses coming and going from the many different accounts involved. Because of this, I decided to stop tracking until things had gotten back to normal with just normal living expenditure.
After the wedding I spent a long time getting various finances sorted. I was far too heavy in cash and knew I needed to sort out my tax affairs properly after the surprising income generated in 16/17 from Kindle Publishing. I really took my eye off the ball on this and let it stray too far into the upper tax bracket meaning the tax bill is going to be pretty hefty once finally calculated. I’ve hired and accountant to sort all this out as things are made more complicated by changing job in the tax year, changing company P11D benefits multiple times during the year and a bit of a mess with student loan repayments. Hoping to have it all sorted and paid off by the end of August. I also took a large amount of cash savings I’d built up incase of last minute wedding emergencies and chucked it at mortgage overpayments. We’re only allowed to overpay by 10% of the remaining balance each year so my aim is to fill up to that point and then invest any of the leftover for the remainder of our fixed term (3 years).
From Matched Betting I made £1452.79 in July. With the end of the football season it’s been a bit thin on the ground for offers. Also I’ve got a large backlog of new signup offers to complete which I’m waiting for the football to start again and provide good reliable low-odds high-liqudity matches. As always, I go into a bit more detail on the Matched Betting Guy blog.
I’ve also started building up an affiliate income stream from the Matched Betting guide sites I recommend. I personally use a couple of guide sites and truly believe they are well worth the investment. Affiliate income paid at the end of July was £452.75
Finally I was shocked to see £150 arrive from an unnamed source during the month. I rang my bank and it turned out this was compensation for a compliant I’d made against them months ago. For some reason they keep cancelling and re-issuing my bank cards without any notice, apparently the source has now been identified as a computer glitch so hopefully it won’t happen again.
On to the report:
Pension Contributions: £608.40
Matched Betting: £1452.79
Bank Compo: £150
Total: £5746 (-26.3%)
Petrol (Gas): £8.71
Eating out: £96.35
Wedding: £None! Finished!
Total: £2015.45 (-22%)
A savings difference of £3730.55 which is 65%.
House Equity: £54,600
Cash in bank: £19,587.90
Cash in betting accounts: £19,362.39
ISA Investments: £15,300.39
Pension 1: £19,599.49
Pension 2: £11,668.93
Pension 3: £7,665.66
Total Networth: £147,784.76 (+10%)
Finally no more wedding expense! My darling wife was on the ball with budgeting which meant we had everything fully paid of by the big day leaving us with absolutely no wedding debt. Big expenses this month in the business spending as it was time to renew hosting for this and MBG website. I can’t believe its been 3 years since I started writing here, I never thought it would still be going this long so thank you to everyone who has stuck around to read my monthly rubbish and occasional rants.