The Financial Dashboard – June 2019

The goals for June were:

  • Finish my portfolio spreadsheet
  • Compare current insurance rates
  • Look into further financial planning: wills and income protection
  • Plan healthy weekly dinners
  • Exercise at least 3x a week

Checking the assets and liabilities:

Assets June

June Liabilities

These are taken, as always, from my Beast Budget spreadsheet. This month my net worth grew by 6.54%. I’m very close now to clearing my credit card debt, and I’ve been quietly saving cash into emergency funds. I invested a bit in a CrowdFunding round (more on this in my Q2 update), so didn’t top up my ISA which has been merrily growing. The wonders of compounding!

Goals:
Goal achieved: Finish my portfolio spreadsheet

Pretty much there. Think I’ll be adding to it in the future, but for now I’ll be sharing some screenshots of it in my Q2 update.
Goal achieved: Compare current insurance rates

My car and house insurance both came due this month. I took advice from Money Saving Expert; renewing three weeks before time, optimising my job title and using multiple comparison sites (1). The usual comparison sites turned up some likely suspects, and like any good frugal bod, I did a bit of switching and saving. Perhaps most amusingly, Hastings Insurance quoted me £150 less through Confused.com than on my renewal document. They were cheapest and agreed to honour their online quote. That pays for a few drinks!
Goal achieved: Look into further financial planning: wills and income protection

I’ve been listening to a few podcasts lately, and it’s a big feature and recommendation of Meaningful Money and Money To The Masses that you should get proper financial planning for the worst as foundations for building wealth (2, 3). Shouldn’t be surprised really, given they’re mainly Chartered Financial Planners. I don’t have a will, but all my assets would go to MrsShrink and there’s no complicated stuff to deal with. I have some income protection through my job and life insurance to pay off my mortgage. MrsShrink is a different story, so we may get some professional advice to head-off difficult discussions in the future.
Goal failed: Plan healthy weekly dinners

Trying my best for this, but been working away a lot or on horrible hours. No excuse, so going to double down next month.
Goal failed: Exercise at least 3x a week

Again failed this for the reason above. Pause for thought considering I’m paying £75/per month on gyms/ sports clubs. I tell myself if I can go twice a week to both then it is cost effective. Need to look at my schedule and work out how I can sort this.

Budgets

  • Groceries – Budget £300, spent £102, last month £264.72. Eating whilst away a lot, hence spending little
  • Entertainment – Budget £150, spent £0, last month £139.47. I feel like this is incorrect, but turns out we’ve actually not done anything. How dull!
  • Transport – Budget £460, spent £631.07, last month £119.25. Car insurance!
  • Holiday – £150, spent £0, last month £0
  • Personal – £100/ £198.43/ £15. Spent some cash on new clothing, which was saved last month in a Starling ‘space’.
  • Loans/ Credit – £350/ £700/ £407.40
  • Misc – £50/ £14/ £59. Misc payments this month:
    • £14 for student membership

In the garden:

All going great guns now. Early potatoes eaten and feasted upon, maincrop trimmed back. Tomatoes and cucumbers doing well. Courgettes planted out and spreading. Dwarf french and climbing runner beans overwhelming sunflowers. Peas cropping and tasty alongside spinach beat, salad veg and early Chantenay carrots.

Goals for next month:

  • Plan healthy weekly dinners
  • Exercise at least 3x a week
  • Get two more blogposts out (slipping off the bandwagon!)
  • Clear last of credit card debts

What’s in the pipeline: (Life continues to get in the way of blogging)

  • Stoicism and the finance world
  • Should I buy an electric car?
  • Q2 2019 – Green Credentials
  • Property Renovation Lessons Part III
  • Plus the usual Full English Accompaniments and other drivel…

Happy July everyone,

The Shrink

References:

  1. https://www.moneysavingexpert.com/car-insurance/
  2. https://meaningfulmoney.tv/
  3. https://moneytothemasses.com/
Advertisements

One thought on “The Financial Dashboard – June 2019

  1. Glad to see I’m not the only one listening to the Meaningful Money podcast! I went through most of season 14 whilst I was on holiday, and the episode on insurance really stood out to me as well. I’d never given the subject much thought until then, so it was a very informative episode. On reflection, I’ve decided that I don’t need any insurance yet. However, once my girlfriend and I get married, and eventually buy a house with a mortgage, I will certainly be coming back to that episode and taking action!

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s