My motorbike died a couple of days ago so I’ve been distracted with that resulting in being late for this month’s Income/Expenses!
November was going okay for me up until the ride home on Thursday when my bike lost all power and came to a stop by the side of a busy road. I pushed it to a nearby carpark but couldn’t get it started. Called the breakdown recovery company and after 3(!) hours of being sat out in the frost they finally appeared. It turns out the electrics are fried and require a workshop to be able to get at for an attempted repair. Given that the bike only cost me £700 brand new, lasted almost 5 years and 20,000km… I’ve decided to scrap it and buy a new one. So on the plus side I have a brand new and hopefully more reliable motorbike arriving this afternoon, on the downside it’s an added expense I hadn’t planned for. Fortunately I’ve been building up cash reserves for a few months now and so was able to buy it the next day.
From Matched Betting I made £1,875.15 in November. The month was going pretty poorly most of the way through until I hit an amazing weekend at the end resulting in £600 profit over 2 days. Consensus on the betting forums is that most bookies tend to be quite tight in November as they prepare for their Christmas holiday offers, so I’m please to have finished it where I did.
Despite not touching anything Kindle related for many months now, Amazon continue to trickle funds into my bank account. It’s not much but every little helps! From Amazon’s generosity I made £80.81.
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 November was £379.08
On to the report:
Pension Contributions: £600
Matched Betting: £1,875.15
Kindle Publishing: £80.81
Total: £5,149.06 (-20%)
Petrol (Gas): £19.5
Eating out: £213.11
Total: £2,322.09 (+3.5%)
A savings difference of £2,826.97 which is 55%.
House Equity: £38,100
Cash in bank: £22,919.21
Cash in betting accounts: £13,418.88
ISA Investments: £10,859.10
Pension 1: £17,696.62
Pension 2: £10,469.67
Pension 3: £2,386.45
Total Networth: £115,849 (+1.3%)
A fairly slow month for network growth, mostly due to a large drop in Matched Betting incomes. I’ve kept cash reserves high as I’ll have my new motorbike payment coming out soon alongside honeymoon expenditure and any last minute wedding expenses. 5 months to go!