The Financial Dashboard – December 2020

The goals for December were:

  • Clear the garage and store the project car
  • Read a book three evenings a week
  • Cut down on takeaway spend

Checking the assets and liabilities:

These are taken, as always, from my Beast Budget spreadsheet. December was predictably expensive. Here in Wales we’ve been under full lockdown since before Christmas. I appear to have made up for my inability to go out or visit friends in purchasing gifts and wine. Despite this I managed a 26% savings rate, with a paltry 1.12% increase in my net worth. This month also sees me top my all time max net worth, previously set in September prior to lots of DIY spending. My Monmouthshire regular saver has now matured, and instead I’ll probably direct that cash to pay off the new 0% credit card. I chose to pay for new windows on a 0% card rather than raiding emergency savings so it would preserve my buffer. New investment money in the Freetrade S&S ISA went to increase previous holdings.

If you fancy a free share, sign up to Freetrade with this link (I also get one).

Goals:

Goal passed: Clear the garage and store the project car

We had been using the garage as a dumping ground for materials and waste while we continued renovations. With the house work done the state of the garage was making my skin crawl. This was compounded by a call from a family member to evacuate a 6ft by 6ft by 4ft family heirloom for storage. Clearing the garage took the full week between Christmas and New Year, and two trips to the dump (thank God they were open). I get anxious that the garage-queen project car will dissolve at the sight of road salt, so now she’s safely tucked up with the trickle-charger hooked up, surrounded by properly sorted tools. Bliss.

Goal passed: Read a book thee evenings a week

Continued to read Dan Jones’ The Plantagenets, which is taking a while given it’s an absolute monster of a book. I’ve really enjoyed making this wind-down time in the evening, and feel better for it. Need to include more positive goals like this.

Goal failed: Cut down on takeaway spend

Not a chance. Welsh national lockdown prompted us into another round of takeaways ‘as a treat’. There’s not much else to do to mark the passing of the weeks or have as a little treat. Will have to keep attacking this.

Budgets:

  • Groceries – Budget £200, spent £331.35, last month £218.11 – Christmas exuberance
  • Entertainment – Budget £100, spent £70, last month £74.50 
  • Transport – Budget £250, spent £455.11, last month £470.33 – Van hire to rescue the heirloom
  • Holiday – £150, spent £0, last month £0
  • Personal – £100/ £359.05/ £108.46 – Presents, presents for everyone!
  • Loans/ Credit – £50/ £89/ £98
  • Misc – £50/ £47/ £442.05
  • Fees – £300 /£303.99/ £131.98 – A GMC Christmas present

In the garden:

Built a new log shed! And generally turning over the soil and tidying. Put up bird netting to separate the wild birds from our fowl. Planning for the spring.

Goals for next month:

  • Cut down on takeaway spend
  • Make plan for clearing credit card debt
  • Exercise five days/ week
  • Revisit emergency fund allocation

Happy January everyone!

The Shrink

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