September 2014 Income/Expenses
It’s payday tomorrow which means time for the monthly report! This blog has been going for a full 3 months now and the time has really flown past.
This month has seen a huge spike in traffic, primarily due to my ‘Essential’ items I’ve never bought article being featured on a recommended reading list from one of the UK’s leading personal finance blogs. So I’d like to take this opportunity to give a huge thanks to Kraig, TFS, Monevator, Wade and everyone else who has mentioned or linked to my articles from their own blogs. It really does mean alot to know that my readers are willing to recommend me to others and I love watching the Analytics page to spot new trends and work out where new visitors have arrived from. If you do happen to mention or link to any of my articles, please do Contact Me so that I can take a look and thank you personally!
Google Analytics tells me we’ve had 5,450 page views from 1,320 unique visitors! Amazing stats and I wish next month will be the same.
On to the report:
Income
Salary: £1973.74
Online Surveys: £6
Pension Contributions: £424.79
Total: £2404.53 (-1.2%)
Expenses
Mortgage/Bills: £700
Groceries: £204.68
Petrol (Gas): £11.91
Maintainance/DIY: £18.64
Eating out: £51.51
Healthcare: £0
Entertainment: £483.10
Other: £0
Total: £1469.84 (+25.3%)
A really expensive month due to going away with my partner and some of her family for our 2-yearly holiday abroad. We spent more than I would have liked to due to the family insisting we ate out most nights instead of cooked back at the apartment. I suspect this will be the last time we go on holiday with other family members as it inevitably leads to disagreements. A savings difference of £934.69 which is 39%.
Networth
House Equity: £24,189.20
Cash in bank: £3674.31
ISA Investments: £3256.24
Pension: £15,460.35
Total Networth: £46,580.10 (+2.0%)
A total networth increase of £920.96 or +2.0%. A smaller gain than last month, mostly due to a drop in ISA and Pension share values.
10 thoughts on “September 2014 Income/Expenses”
Nice, Guy!
For some reason, net worth updates are some of my favorite reads. I suppose it has something to do with these updates being a recap of how much effort you’ve put in to saving up over the past month. I hope I can get my net worth up to your level before too long – grad school tuition has been killing me this year (paid about $27,000 – appx £16,600 just in tuition). Sorry to hear about the extra holiday expenses, but still looking solid!
Thanks Clay, I’ve always enjoyed reading through them on the well established blogs to see the journey right from the start and on most you can spot where the compounding really starts to kick in.
Wow that loan is pretty pricey! Glad I got through uni back when fees were capped at just £1250 a year here in the UK.
Hi Guy
Great net worth there already for someone so young – well done!
That’s the problem with family holidays, not everyone wants to do the same thing and you all try to avoid going separate ways, as this defeats the object of all going out together! Still next time, you can choose not to go, unless they are all planning on doing things your way!
Thanks Weenie, I read over your update last night.. good numbers as well!
Guy,
May have been an expensive month for you, but a 39% savings rate is still rather solid. The great thing about living frugally and maintaining a high savings rate is that even an “off month” is still far, far above the average and our wealth is still growing by quite a bit. Keep it up!
Best regards.
Hi Jason, I hear what you’re saying. Sometimes I need to remind myself that even a 39% savings rate is still more than a HUGE majority of the population, especially for those under 30! I suspect next month is going to be pretty pricey as well due to some one-off large expenses about to be purchased..
Good job on the net worth increase! Good job on the blog stats as well :)
Thanks Michelle. That mention on another blog provided a really big boost, I hope some of those new readers will stick around for awhile.
Guy,
With falls in investment accounts and increased expenditure, such a positive increase in net wealth is pretty encouraging.
This is the first time I’ve come across your site and am a big fan. If you want to work together at any point, feel free to get in touch.
Graham.
Welcome to the site! Always good to hear from new readers, especially those from other well established sites.
I must admit: Even though I’m a ‘passive’ investor.. I still track the fund price almost daily. A bad habit, especially as it’s been falling all month.