Welcome to my monthly savings report for November 2019. November has been a busy month for me as I moved from a small town in South England into the busy London. I also switched jobs and am now working in the same job but in a far bigger company. As a result, my life has been a bit of a mess–and so have my finances. It was a bit of a nightmare to sort it all out, but you can now find it nicely summarised below.
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Monthly savings report: November 2019
As described in my savings report for last month, my goals for November were to sell my car and start my new job.
Yes, I did sell the Monethalia mobile. I have never been fond of commuting but I was still sad to see my car go. Well, I guess it was about time as I was frequently greeted by its dashboard warning lights. Plus, as I live very central now (London zone 2), I have no need to drive anywhere. To work, I can just walk (and I am enjoying this).
I have also started at my new job, although I am still in the phase of getting used to everything. I work in a new therapy area and the computer systems are all different. But at least that means I will not get bored any time soon!
Monthly savings report summary for November 2019
As you may recall, my old job paid me in advance for November last month. This month, I only started working at my new job on the 18th. As a consequence, my salary for November was much lower than usual. However, I still manage to achieve a take-home income of £2,436.
This includes the income from selling my car plus some other junk on eBay as well as my matched betting and blogging income. I also got paid out by 20Cogs which added over £100 to my income. Not to forget that it also was my birthday this month and I was gifted some money from my family.
Matched betting has been a bit neglected this month. I was abroad during early November and then my life went crazy with me moving and starting my new job. There was hardly time to do anything. I still managed to scrape together £308 profit.
Equally, Monethalia has also received less of my attention. Luckily, most of my blogging income is passive/semi-passive so I still made £70. Compared to other bloggers, this may seem very little but I am slowly working my way up.
My total expenses this month totaled £x. Of this rent was my biggest expense, but not as big as it used to be. I now live with an elderly gentleman who needed someone to be in the property overnight. I get on well enough with him and the rent is a total steal for London zone 2. As an additional benefit, it is only a 30-minute walk to work, meaning no commuting costs.
My grocery costs are shockingly low this month because I spent a week at my family’s place, effectively freeloading. Following this, my grandmother sent over some groceries in my birthday parcel.
My sinking fund contribution flows into a separate instant-access saving account. I use this money for expenses that only occur once a year such as my car insurance, flights to visit my family and insurances.
This month, my index tracker grew nicely. I also added additional funds to it as I sold my car and received my deposit for my old room. My new room does not have a deposit associated with it, so this money all went into my FIRE fund. Bearing in mind that I only worked two weeks this month, I am impressed with my fund growth.
Apart from my index tracker, I also have £1,000 invested with Ratesetter for 14.9% interest. If you are interested in opening an account with Ratesetter, you can get a similar rate using my link. Brickowner currently has a similar offer (invest £1,000 get £50) when you sign-up with my link. Brickowner’s return is worked out different from Ratesetter and depends on the property you invest in. Please note that, while these are great offers, it involves peer-to-peer lending and as such comes with the risk of losing money.
Goals for December 2019
As for December, I will aim to do more matched betting. I have been particularly neglecting to do extra places which is where most of the profit lies for me.
I also realised that the more money I save and the more income sources I add, the harder it becomes to keep track of everything. There is an urgent need to improve my spreadsheets so I will be looking into this.
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