Just a short quick update this month as May has been another busy month.
Plenty of nice sunny weather had me and Mrs FU getting out for a few meals/drinks this month, along with a couple of days out with the kids for a picnic.
FU#3 finally left school but he is having a little break before he starts his apprenticeship with me. I need to get him enrolled at college and onto the government apprenticeship service to get the funding.
I have been taking Fu#2 out for driving lessons as she takes her driving test next week.
I had to renew the car insurance for 3 vehicles and saved over £800 from the renewal quotes from our current insurers. If FU#2 passes her test it looks like I will have to insure 4 vehicles next time as she keeps asking about which car she wants to get!
FI Target – £1.25m to give £50k/year income @ 4% withdrawal rate.
Current FI value – £708k networth+ £466k (2xState pen £18.6k x 25) + £88k (DB pen £3.5k x 25)) = £1.263m
% to Target FI – 101.1% (100.7% last month)
Time to FI = Achieved! (last month- achieved)
MONTHLY UPDATE AND GOALS
Last months figures in brackets
Net Worth May ’21 – £708,655 (Mar ’21 £704,153) +0.6% +£4,502
Assets – £925,504 (£922,386) +0.3% +£3,118
Cash/bank £5573 (£6173)
Main Home Q1 £453,809 (Q1 £453,809) +0.0% +£0
Rental Properties Q1 £187,196 (Q1 £187,196) +0.0% +£0
Pension SIPP £278,926 (£275,208) +1.4% +£3,718
Liabilities – £216,849 (£218,233) -0.6% -£1384
Main Home Mortgage £82,900 (£83,250)
Loans, Debts and credit cards £133,949 (£134,983)
Overall Net Worth in April increased by £4.5k.
Assets increased by £3k due to an increase in my SIPP value.
Liabilities decreased by £1.3k this month.
Rolling year on year change in net worth from May ’20 is +£153,188 (assets +£138,237, liabilities -£14,951)
Since we began tracking our net worth in June ’18, our net worth has increased by £294k, at an average of £8.4k per month.
My house price YOY change +8.18%. (Q1 2020 – Q1 2021 NW England)
The Equity in my main home is £370,909.
Main home and rental property values are calculated using the Nationwide House price index.
Nationwide’s May ’21 update reports annual house price growth hit double digits this month. Like last month, the near term outlook is buoyant, but uncertain further out.
The UK annual % change in house prices is +10.9%, with a UK average house price of £242k.
SIPP Dividends paid in May were £765.
Dividends May 21 YTD total £2445, Av. £489/m (May 20 ytd £2117, May 19 ytd £608)
(Yearly totals – 2016 £425, 2017 £911, 2018 £1306, 2019 £2319, 2020 £5942)
Other Monthly/weekly goals
Matched Betting +£77 this month (+£49 last month)
£77 profit this month. We are still mainly doing casino offers and a bit of normal match betting.
Total to date since starting 43m ago £12948 Av. £301/m (£12871 to last month Av. 306/m) means we made £77 this month, broken down as follows.
Casino/slot offers to date £6302(6230) = +£72 this month
Each way sniping to date £625 (£625) = £0 this month
Normal match betting offers £5 profit this month
Diet and Fitness – Gained 1kg to go to 73kg and 18% body fat (72kg, 17% body fat last month). A combination of good weather, a bank holiday and a few meals out this month meant I put a little weight back on, but we have to enjoy ourselves sometimes.
My target is to get to 70kg and/or under 15% body fat.
eBay/selling – Nothing much done this month.
Any comments/questions always welcome
Monthly Net worth since started tracking