The Financial Dashboard – February 2021

The goals for February were:

  • Make a few hours each week to enjoy hobbies without pressure
  • Test intermittent fasting
  • Organise remortgage

Checking the assets and liabilities:

February’s Assets and Liabilities

These are taken, as always, from my Beast Budget spreadsheet. February started pretty miserable, the cold weather and lockdown leaving me in a proper funk, little motivation to do anything. Reading blogs like Weenie’s, it sounds like I wasn’t the only one (1). I’m not one to spend my way out of a malaise, so it was actually a pretty frugal month. I saved over 40% of my salary, and I’ve been making some overpayments on my credit card plan from overtime money. New investment money went into my Freetrade account, where it’s sat while I work out where it needs to go based on my rebalancing act/plan.

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

Goals:

Goal passed: Make a few hours each week to enjoy hobbies without pressure

This is something I would recommend for everyone. I’m a very goal driven person, and I motivate myself by setting goals and internal deadlines. This can lead me to get stressed over my ‘made up’ deadlines for doing essentially irrelevant things; repainting a wall, repotting daffodils. By making a few hours a week to just do things if/ when I feel like it, a lot of things which felt like chores I now enjoy again. It’s theoretically a ‘mindful’ process, focusing on the moment rather than wider requirements and activities, but mindfulness has definitely got overblown.

Goal passed: Test intermittent fasting

This wasn’t particularly to lose weight, but because I’ve been reading lots about cell senescence recently, and the cardiovascular and glucose-metabolism benefits of periods of fasting. I tried this month, and it definitely doesn’t work for me. In the past I’ve tried 5:2 fasting on a friends recommendation, but found I get indescribably hangry, and lose all ability to concentrate. This time I tried a 16 hour fast four days a week, going 8pm to 12 noon. I didn’t get hangry, but I did lose all productivity. I also found I was ravenous by noon, and tended to eat twice what I would normally for lunch/dinner. I don’t think this is a good thing for me; it seems to suggest I’m highly dependent on dietary intake to maintain my blood sugar for functioning, but in the absence of a couple of weeks off to fast without productivity consequences I’m a bit stuck. I went through a period of eating a diet which could best be described as ‘modified paleo’ a few years back, so I might go back to that drawing board and do some further reading.

Goal passed: Organise remortgage

For various administrative reasons we have been on a split pot mortgage since we moved into our current property. This meant two different interest rates, fixed for two different periods, with different charges. One came out of it’s fixed rate offer last year, and the other (the larger) is due to revert to standard tracker rate in June. It’s therefore time to change. We had a look through the usual price comparison sites, and then spoke to a specialist financial advice company for medical types, who put us on to their broker. Who were London & Country (2). Who seem to be the people pretty much everyone use. Either way, we’re moving from the combo of 4.09% (small pot)/ 1.68% (big pot) to a combined 1.65% mortgage, fixed for five years, which will start from the day our old deal ends (fingers crossed). Wholly satisfactory result.

Budgets:

  • Groceries – Budget £200, spent £187.75, last month £181.70
  • Entertainment – Budget £100, spent £117.88, last month £100
  • Transport – Budget £250, spent £123, last month £123 – remarkable consistency given it’s mostly odd eBay parts
  • Holiday – £150, spent £0, last month £0
  • Personal – £100/ £210.55/ £78 – Gifts for friends
  • Loans/ Credit – £50/ £250/ £255
  • Misc – £50/ £65/ £96
  • Fees – £300 /£144/ £302

In the garden:

Continued tidying ahead of spring, but also started to germinate my first lettuces and other early crops. The bluebells and daffodils are starting to come up, and everything feels a little bit more alive.

Goals for next month:

  • Update online investment tracker and calculate rebalancing required
  • Make a few hours each week to enjoy hobbies without pressure
  • ?Modified paleo

Happy March everyone!

The Shrink

References:

  1. https://quietlysaving.co.uk/2021/03/02/february-2021-plus-other-updates/#more-5951#
  2. https://www.landc.co.uk/

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