October 2014 Income/Expenses

October 2014 Income/Expenses

It was payday yesterday which means I missed the regular slot for posting this! Apologies for that, however with the miracle of online banking I am still able to pull up all the records.

This past month has seen me start a new job and become on of those commuters who sits in traffic for hours on end. Fortunately both the car and petrol are funded by my company so I’m not left out of pocket financially.  With all the hassle of starting the new role, I havn’t posted as frequently as I’d have liked and so page views have dropped. Despite this however I’m humbled to see the same names showing up frequently on comments and so a big thank you to all of the regular readers.

Google Analytics tells me last month we had 3000 page views from 600 unique visitors.

 

On to the report:

Income

Salary: £1929.49

Online Surveys: £6

Pension Contributions: £412.13

Total: £2347.62 (-2.4%)

 

Expenses

Mortgage/Bills: £700

Groceries: £281.94

Petrol (Gas):  £10.25

Maintainance/DIY: £70.42

Eating out: £78.47

Healthcare: £51.99

Entertainment: £95.60

Other: £453.33

Total: £1742  (+18.5%)

Another expensive month due to the whopper for ‘Other’ category. Fortunately these were one-off expenses: Refresher driving lessons, Birthday presents and the previously mentioned suits. A savings difference of £605.62 which is 26%.

 

Networth

House Equity:  £24,359.67

Cash in bank: £3543.89

ISA Investments: £3467.52

Pension: £15,787.10

Total Networth: £47,158.18 (+1.3%)

A total networth increase of £578.08 or +1.3%. Still recovering from the dip in UK index funds and high expenses month. Still; that’s £578 better off now than I was last month.

3 thoughts on “October 2014 Income/Expenses

  1. Guy,

    A solid month, considering you had some major one-time expenses. A 26% savings rate, while disappointing for some of us more extreme savers, is still extremely admirable. That’s probably 7 or 8 times the average over here.

    Keep it up!

    Best regards.

    1. Thanks Asset Grinder,

      I passively invest £200 a month into an ISA and about £400 a month into pension investment. I could easily up both of those but instead am focusing on paying off the mortgage instead. While I appreciate there may be greater returns from investment; I prefer the risk reduction of mortgage overpayments.

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