In an ideal world I would do two separate posts, one on the last day of the month, and one on the 1st of the month explaining how I’m going to work it the next month. But yesterday I had a migraine.
I was mulling over yesterday, I thought if I raided every category, I might have enough for a deposit on a flat. I would have to raid the emergency fund though. I was thinking about that on the commute home, then I walked in the door to find the dog bleeding. He was fine, but we did have to pay the vets £67 for a steroid & antibiotic cream. Because I was at work, I’m not 100% sure what he did, but I suspect he tried to crawl in somewhere too small and scratched himself. So I guess thats the universe reminding me why we don’t raid emergency funds.
On 31st May 2022:
My Bank Accounts Net Worth is £12,805.02
£1,477.96 is in my “Next Month Income” category
£2,215.13 is my H2B ISA (House deposit, though I’ve got a secondary category I’m trying to save a little more for the house deposit in by the end of the year)
£1000 is in my “Next Move” category
£950 is in my “Gym” category, waiting to see is I can get any help with that and move this money elsewhere
£810 is in my “Next Laptop” category
£657.01 is in my “Next Phone” category
£500 is in my “Canal Boat” category
And then the rest is in smaller categories
My Investing & Pension Net Worth is £12,720.11
£12,232.20 of that is in my work pension, to which I am currently contributing 8% and my employer is contributing 12.5%
£382.68 is in my bank’s Investment service, I put £25 a month in there and some fund managers do hopefully smart things with it. It’s telling me that over time my investment through them has gone down in value by £1.63
£75.68 is in my Freetrade Account, where I like to pretend I know how to day trade. I dont contribute to this on a regular schedule, but so far I’ve put £71 in it so technically I’m making a profit.
£11.82 is in my Paypal Crypto account, where I like to pretend I know how Bitcoin works. I dont contribute to this on a regular schedule, but so far I’ve put £15 in so I am making a loss at this point.
£20.08 is in a Crowdcube account. This doesn’t seem to change in value so I think it was more of a GoFundMe rather than an Investment.
I haven’t been tracking data long to do much of a graph for Investment Net Worth, but here we are
So when I was budgeting out my income into all my categories, I ended up being £26 over assigned, and I wasn’t able to do any short term goals. I wanted to get a shopping trolley but I wasn’t able to.
I ended up reducing my sims category by £5, my tattoo category by £5, my hobbies category by £10, and extending the goal date for refilling therapy category from October to December. Also I ended up reducing my easter eggs 2023 category by 58p, so now it only has £3.06 in. Gotta start somewhere.
So now I need a plan to try afford a shopping trolley.
Except I also found this one on Etsy that’s randomly £7? That’s tempting, I could maybe use it for a few months and save up for a better one.
Other ideas to save up for the good trolley:
If I can resist teh Bird & Blend Christmas in July sale this year, maybe I could use that money for a trolley? However that plan relies on me exercising self control around tea and…. eehhhhhh….. I’d love to say I could and will, but I think I better just wait until after the sale is over to avoid overcommitting.
Another idea – that I’ve already asked my boss tbh – is to do an extra hour of overtime per week. Just one more day. I’m probably running pretty close to my limits so we’ll see how two days a week go.
Finally, I’m going to try do another switcher offer get some cash. In the UK you can get money – sometimes over £100 – for switching banks. I’ve opened a burner account with my current bank, it was really quick because they already know me, and when the card arrives I’ll just see who offer the best money/least effort and “switch” to them, and when I get the money close the account back down again.
Anyway so thats a really long post 🙂 Have a good jubilee bank holiday if you’re in the UK – if you’re not, have a goo Thursday & Friday haha