It was payday on yesterday so time for the Income/Expenses!
I don’t know what it is about 2016 but the months seem to be flying past quicker and quicker. Perhaps its the combination of work and stress of getting everything ready for the wedding next year that means the days just don’t seem to have enough hours in them? I’m disappointed in myself that I’ve neglected this blog somewhat over the past few months and, if it hadnt have been for the monthly income/expenses reports, may well have just ditched it all together. I’ve noticed that most personal finance blogs tend to die out after a couple of years. Perhaps people just run out of things to say once they’ve managed to turn their finances around? Or perhaps no-one wants to read about people who have their finances on auto-pilot and everything just chugging along nicely? Either way, it’s given me some food for thought about what (if) I’d like to write about in the future on here and ultimately about whether anyone would want to keep reading it. If nothing else; I’ll aim to keep doing the income/expenses reports so I can look back on them for my own records.
From Matched Betting I made £2,966.46 in October. I smashed through the £20,000 mark in just under 1 year of full Matched-Betting. There are some more details and a log of my first 12 month’s worth of profits over on Matched Betting Guy. Needless to say my betting earnings have been way beyond what I expected when I first started this journey and I hope next year will continue to grow.
Amazon really is the gift that keeps on giving. I was again amazed to receive another payment from them this month despite not touching any of my books since around March time. From Kindle I received £374.59.
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 October was £355.21.
On to the report:
Pension Contributions: £600
Matched Betting: £2,966.46
Kindle Publishing: £374.59
Total: £6,406.55 (-8.1%)
Petrol (Gas): £19.71
Eating out: £131.39
Total: £2242.93 (-44.7%)
A savings difference of £4,163.62 which is 65%.
House Equity: £37,800
Cash in bank: £21,396.39
Cash in betting accounts: £13,713.78
ISA Investments: £10,690.75
Pension 1: £18,149.37
Pension 2: £10,832.09
Pension 3: £1,832.61
Total Networth: £114,415 (+4.9%)
Another good month with income staying roughly the same and expenses on track including the normal £500 per month wedding saving. Happy to see all 3 pension schemes and ISA increases as the economy hasnt yet died following brexit declaration. I think cash in bank and in betting accounts has reached comfortable levels and so I’ll probably look to begin mortgage overpayments again soon to keep both at a level amount.