With May, another month of lockdown has passed. By now, it almost feels normal to work from home every day and only leave the house for exercise and grocery shopping. Although I do still miss seeing friends that live further away or going on day trips.
But at least now I am hopeful that things will start to open up soon. The first shops are reopening and the streets start to get busier again. Well, whatever happens, my journey to financial independence continues.
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Monthly savings report: May 2020
As described in my savings report for last month, my goal for May was to shift my investment from peer-to-peer (P2P) lending to my index tracker. I am not heavily invested in P2P lending but the small amount I had in my Ratesetter account is now hard to get out.
Obviously, when the pandemic struck, many investors wanted to take out their money from P2P lending and thus, my withdrawal request is probably at the bottom of the queue.
My total after-tax income this month was £2,487 of which £438 was pension contribution. I have nothing really to report here. Unsurprisingly, blogging, and matched betting were less profitable than usual. My current accounts also reduced their interest rates as well.
As usual, rent was my biggest expense this month. I also had higher personal expenses than usual. This is because I suddenly decided I wanted to learn how to do a good make-up and bought the necessary supplies. I guess I have too much free time!
No transport costs as there is nowhere to go…
- Rent: My rent (bills included) plus internet/phone bill
- Groceries: Practically everything I buy in a supermarket
- Transport: Everything I need to get from one place to another
- Personal: Clothes, hair cuts, make-up, etc.
- Fun: Eating out and social expenses
- Other: Everything that does not fit elsewhere
Financial independence fund
My index fund is on the path to recovery and currently stands at -4.37%. My SIPP has even entered positive numbers and sits at +7.11%. I was really lucky when I transferred my old workplace pension to my SIPP. I sold when prices were high and bought shortly after the fund hit rock bottom.
My stocks in Freetrade are doing really well and seem to be surprisingly unaffected by COVID-19. These are free mystery shares that I got from being referred to and referring others to Freetrade.
If you also want a free mystery share, you can sign-up via my link. Then, all you have to is deposit as little as £1.
Goals for June 2020
I really want to spend June on self-care and focus on myself. This lockdown is s a great opportunity to take a step back from my normally busy life. I may even treat myself to a Glossybox.
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