We’ve had a great month, considering what’s been going on in the outside world.
The weather has been fantastic in April so this has probably helped.
There’s been plenty to keep us occupied, from morning fitness classes with the kids, daily table tennis competitions, to water fun in our 8 ft paddling pool that we bought last year (£29).
If this is meant to be a trial run for FIRE, bring it on asap. I have not been bored for one minute, and still do not have enough time in the day to do all the things I want.
We were meant to be going on our yearly all-inclusive holiday to Spain at the end of May. Although it hasn’t been officially cancelled yet (easy jet!), we don’t expect it to go ahead. We are just hoping we can get our money back for the flights and hotel as we booked these direct separately.
Tax-year end on 5th April meant I had to do all my company year-end tasks, paye returns, as well as applying for the corona job retention scheme last week. I will be looking at the bounce-back loan scheme next week when details are released. I’m hoping it’s going to be a low-interest loan scheme that I can take advantage of. The cbils scheme was horrific, with banks trying to rip off small businesses with interest rates of 8%-30%. After the 2008 bank debacle it really is time the banks were brought to heel.
Talking of bounce back, net worth went positive this month, see details below.
MONTHLY UPDATE AND GOALS
Net Worth April ’20 – £534,439 (Mar ’20 £501,581) +6.6% +£32,858
Assets – £771,731 (£741,000) +4.1% +£30,731
Cash/bank £1700 (£1600)
Main Home Q1 £419,476 (Q4 £408,566) 2.7% +£10,190
Rental Properties Q1 £173,034 (Q4 £168,534) 2.7% +£4,500
Pension SIPP £177,521 (£162,300) +9.4% +£15,221
Liabilities – £237,292 (£239,419) -0.9% -£2,127
Main Home Mortgage £86,750 (£87,100)
Loans, Debts and credit cards £150,542 (£152,319)
Overall Net Worth in April has increased by £32,858.
Liabilities were down by just over £2k.
The increase in our net worth this month is a recovery in my SIPP pension and similar gains in house prices. I hope the stock markets make further gains when we come out of lockdown, but I’m uncertain at the minute and the markets could go either way.
Rolling year on year change in net worth from April ’19 is +£99,596 (assets +£85,088, liabilities -£14,508)
The Equity in my main home is £332,726.
Main home and rental property values are updated to Q1 figures, calculated using the Nationwide House price index . The Q1 figures were calculated before corona struck, so I’m expecting a fall when Q2 figures are released.
Nationwide’s April report comments that house prices are still increasing, but says the outlook is uncertain.
SIPP Dividends paid in April were £462.
Dividends April 2020 YTD total £1391, Av. £348/m (Apr 2019 YTD £414, Av. £104/m)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319)
Other Monthly/weekly goals
Matched Betting +£152 this month (+£145 last month)
Still only doing casino offers. We did no normal MB offers this month, the profit just being updated figures on our spreadsheet.
Total to date since starting 30m ago £11368 Av. £379/m (£11216 to last month Av. 387/m) means we made £152 profit this month, broken down as follows.
Casino/slot offers to date £4819 (4745) = £74 profit this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £78 profit this month
Diet and Fitness – Only a week away till I’m 50. I’m down to 74kg and 19% body fat. Going to cut out beer this week in a final futile and desperate push to hit my target. The aim is to get below 70kg and/or under 15% body fat.
eBay/selling – Not much done this month.
Keep healthy and safe everyone.
Any comments/questions always welcome
Monthly Net worth since started tracking