The Financial Dashboard – January 2020

The goals for December were:

  • Continue to exercise 4x a week
  • Keep a record of all dietary intake
  • Sell 5 items
  • Fix my car

Checking the assets and liabilities:

Assets JanLiabilities Jan

These are taken, as always, from my Beast Budget spreadsheet. This month my net worth grew by only 0.83%, though my savings rate was 25.16%. This is because I’ve recalculated how I include our joint savings and also the worth of some my other assets. This measly percentage was still enough to take me over the 50k net worth milestone!

Goals:

Goal achieved: Continue to exercise 4x a week

Happy to report I kept this up, and it’s almost becoming a habit now. I’m paying through the nose for gym memberships to enable me to stay motivated, and it’s starting to grate. I’ll see how I feel at the end of the month, but I may drop one set of classes.

Goal achieved: Keep a record of all dietary intake

Success here too. I tried just noting stuff down, but was crap at it, so went for the high tech app option. Initially this was with an app called Nutracheck which was really good; you could search for food/meals by name or barcode and it would bring up the manufacturer and full calorie/ fibre/ protein breakdown. However, after a weeks free trial it demanded I pay a subscription. It got deleted and replaced with a similar app called Lifesum. It’s less polished, but still allows search by barcode and name, automatically assigns calories, and more importantly operates a freemium model. I’m happy enough with the free version and if someone wants to sell my dietary habits for advertising good on them.

Goal failed: Sell 5 items

This was intended to be part of my spring clean, but all the things I found weren’t worth selling and instead I took a car load to the dump and a car load to the charity shop. House is tidier and less cluttered.

Goal achieved: Fix my car

At the back end of last year my daily car developed an irritating coolant problem which didn’t prevent me driving it but meant it was using more costing more to run. I spent one dry evening in the middle of the month in the garage diagnosing the problem, and for the costs of a £12 part it’s working fine again. More issues remain and as I’m commuting a fair distance it’s probably time to replace rather than repair. Expect a big effect on my liquid cash some time soon!

Budgets

  • Groceries – Budget £200, spent £143.32, last month £195.46
  • Entertainment – Budget £100, spent £157.64, last month £242.95
  • Transport – Budget £460, spent £195.80, last month £406.16
  • Holiday – £150, spent £0, last month £0
  • Personal – £100/ £341.73/ £56.99 – Bought some new workwear
  • Loans/ Credit – £0/ £0/ £0
  • Misc – £50/ £27.89/ £25.50
  • Fees – £70 /£457/ £109.49 – The annual pound of flesh to be able to work

In the garden:

We’re still tidying and making ready. Potatoes were bought and are now chitting in a dark box. An apple tree was purchased from a local nursery and planted to provide some shade in one area and variety for wildlife.

Goals for next month:

  • Set up standing order for investments
  • Rationalise credit cards
  • Repair or replace daily driver
  • Review pet and car insurance
  • Review progress towards long term goals

Happy February everyone,
The Shrink

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