The Financial Dashboard – June 2020

The goals for June were:

  • Tidy the loft and begin to clear
  • Read three books
  • Update my investment tracker spreadsheet and sync with allocations
  • Explore overpaying mortgage

Checking the assets and liabilities:

Assets JuneLiabilities June

These are taken, as always, from my Beast Budget spreadsheet. My savings rate for this month fell back to 22% thanks to DIY spending, with my total net worth increasing by 1.4%. I’m actually astonished my net worth increased given our spending on the building work (currently at £2k). The usual cash regular savers were topped up (pretty happy about my 5% and 3% now), but my First Direct account is coming to an end, so we’ll start overpaying our mortgage instead.

Goals:

Goal failed: Tidy the loft and begin to clear

This got pushed down the priority list, but remains a goal.

Goal failed: Read three books

Still wading through Intelligent Investor. Currently 350 pages in, but I find myself needing to read it in small chunks to give me time to digest.

Goal achieved: Update my investment tracker spreadsheet and sync with allocations

I’ve moved into the 21st century, and transferred my investment tracker spreadsheet to google sheets, incorporating it’s price lookup function to track my worth in real time. Quite nifty, and I’ll share some images in my Q2 update.

Goal achieved: Explore overpaying mortgage

Having spoken to our mortgage provider we’re going to aim to channel spare cash from our joint account into overpaying our mortgage. It’s a split pot, and part is currently on the standard variable rate while we wait for them both to come out of their teaser rate period. That (much smaller) SVR part is on ~4%, while the rest is on 1.69%. We’re not going to beat that with savings rates, so it makes sense to try to clear down this debt.

Budgets

  • Groceries – Budget £200, spent £237.31, last month £176.91 – A pricey month, with lots of nice meals in cancelling out our usual eating out.
  • Entertainment – Budget £100, spent £56.50, last month £16.50
  • Transport – Budget £460, spent £432.65, last month £237.36
  • Holiday – £150, spent £0, last month £0
  • Personal – £100/ £137.18/ £65.74 – Mainly gifts
  • Loans/ Credit – £0/ £0/ £0
  • Misc – £50/ £724.15/ £71.45 – Building work
  • Fees – £70 /£347.17/ £295.49 – Amazon Prime, some other membership fees

In the garden:

I’ve been keeping up with watering, but everything else has gone to pot, so it’s now a riot. I planted far too many courgettes, squashes and pumpkins, and they have exploded to colonise most of the end of the garden. Ditto tomatoes in the greenhouse, which now looks like a tropical rainforest. Lessons for next year.

Goals for next month:

  • Tidy the loft and begin to clear
  • Read three books
  • Audit regular spending ahead of job change
  • Track building work spending accurately

Happy July everyone, I hope you’re all keeping well,

The Shrink

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