November 2016 Income/Expenses
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:
Income
Salary: £2,214.02
Pension Contributions: £600
Matched Betting: £1,875.15
Kindle Publishing: £80.81
Affiliates: £379.08
Total: £5,149.06 (-20%)
Expenses
Mortgage/Bills: £965.45
Groceries: £198.3
Petrol (Gas): £19.5
Maintainance/DIY: £24
Eating out: £213.11
Healthcare: £20
Entertainment: £81.01
Wedding: £500
Business: £231.66
Other: £69.06
Total: £2,322.09 (+3.5%)
A savings difference of £2,826.97 which is 55%.
Networth
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!
3 thoughts on “November 2016 Income/Expenses”
Hi Guy,
Congratulations on another solid month with the matched betting, as well as a superb savings rate! The networth is steadily ticking up – keep it up!
FIREin’ London
Nice bike purchase there, Guy.
I just used some of my MB winnings to replace my mobile phone – I wouldn’t have bought it with my own money.
I’m just wondering what (if any) changes have been made to your wedding plans now that you get so much extra income from your MB and Kindle?
You’ve always come across as a frugal guy and I get the feeling that your wedding (and honeymoon) plans would have probably been a lot different had you just been relying on your usual income from your 9 to 5?
Keep up the great work.
Thanks Weenie,
I think the wedding itself would have stayed very similar but I’d have stopped all ISA and lowered pension contributions in order to maintain the wedding savings rate. Honeymoon would have certainly been cut back a lot so I’m very grateful to the matched betting & kindle income to have been able to go for the type of honeymoon we’ve wanted. Originally a lot more of the wedding funding was reliant upon my partner’s annual bonus payment whereas now we can put that money towards other things.