July ’19 – Net Worth and monthly update #12 £520,781 +£6,563

Another month flies by in the FU household.

The kids’ social lives continue to dominate our time at the moment, especially Mrs FU’s,  having to organise clothes, transport, and accommodation arrangements for the various activities the little Fus are partaking in.

Firstly, we had FU#2s Prom night after completing her GCSEs.

These affairs seem to be growing in extravagance and one-upmanship, with people spending thousands on fancy dresses and limousines.

Luckily, Mrs FU being the savvy saver she is, sourced a fabulous sample dress for £50 from here. I know I’m probably biased, but I thought it was the best dress I saw at the event.  In contrast, our niece spent over £400 on a dress, and even this seemed quite a low figure when speaking to other people on what their child’s dress cost.

We also saved on transport costs by taking her there in our own car. We had to feel sorry for one girl who had hired a limousine that arrived late at the venue after everyone had gone inside. There was no-one to see her arrive in ‘style’, and the disappointment on her face as she got out brought home the fact that people often spend money on things they can’t afford trying to impress other people.

The other main event we had to organise this month was our son FU#1s trip to Benicassim Music Festival in Spain. The headliners were Kings of Leon amongst others.

Mrs Fu and I were very jealous and we wish we could have gone as well. The amount of organising we had to do for this felt like we were arranging it for ourselves. Packing luggage, arranging tickets, transport and accommodation, sorting out currency and payment cards. Next year maybe for me and Mrs Fu!

Add to the above two camping trips for Fu#3 and Fu#4, how do we have time for work?

Lots of other things going on as well but I’ve rambled on enough now.

 

MONTHLY UPDATE AND GOALS

Net Worth July ’19 – £520,781  (June ’19 £514,218) +1.3% +£6,563

 

Assets – £764,990  (£763,544) +0.2%  +£1,446

Cash/bank £1000 +0%

Main Home Q2 £404,965 (Q2 £404,965) +0%

Rental Properties Q2 £167,048 (Q2 £167,048) +0%

Pension SIPP £191,977 (£190,531) +0.8% +£1,446

 

Liabilities – £244,209 (£249,326) -2.1%  -£5,117

Main Home Mortgage £89,900 (£90,250)

Loans, Debts and credit cards £154,309 (£159,076)

 

Overall Net Worth has increased this month by a healthy £6,563.

The increase in our net worth this month is down to a small increase in our pension valuation and a decent reduction in our debts of just over £5k, which feels good.

Main home and rental property values remain the same at Q2 valuation and will be updated when Q3 figures are released, calculated using the Nationwide House price index calculator.

SIPP Dividends paid in July £432– 2019 ytd £1050,  Av. £150/m (2018 £1306,  Av. £108/m).

 

Other Monthly/weekly goals

Matched Betting  +£198 this month (+£401 last month)

Total to date since starting 21m ago £8034 Av. £383/m (£7836 to last month Av. 392/m) means we made £198 profit this month, broken down as follows.

Casino/slot offers to date £2638 (£2440) = £198 profit this month

Each way sniping to date £138 (£138) = £0 profit this month

Normal match betting offers £0 profit this month

We only did casino/slot offer this month due to time constraints. We will get back on the match betting offers now the football season is starting again.

Diet and Fitness –  Still hovering around 75kg and 20% fat, but exercising regularly now and doing couch to 5k with FUs #5 and 6.

eBay/selling – Nothing to report.

 

Thanks for reading.

Any comments/questions always welcome

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4 Responses to July ’19 – Net Worth and monthly update #12 £520,781 +£6,563

  1. Grizgal says:

    Nice update. How do you determine the value of your property? Have you had it valued and then adjust each year? or is there more to it?

    • FU MON CHU says:

      Hi Grizgal

      My home property value was valued approximately last year when my neighbour’s house was sold. I just update each quarter using the Nationwide house price calculator.

      I recently sold one of my rental properties so I know the value of those, and again just update as above.

  2. Adam says:

    Steady progress. Is your fire target a way off once little fus have flown the nest?

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