Good day all!
It’s been a bit of a roller coaster of a time at the moment. It’s mid December as I’m writing this for November’s saving report.
We’ve just come back from a 2 week long cruise to the Canary Islands. We absolutely adore the Canary Islands, particularly Las Palma which has recently had the volcanic eruption and Madeira. It was a very much needed vacation, with lots of rests, laughter and of course face mask wearing!
We also escape the news for a solid 2 weeks and my god, any sort of anxiety vanished. It was completely blissful not knowing what was going on.
I know the markets have been relatively up and down recently and there hasn’t been a huge amount of movement with Omicron circulating.
Financial Update | November 2021
So how have those financials been looking for the month of September?
Income | £9,951
Income has continued to relatively stable and averaging around £8,000 per month.
Expenses | £2,998
Expenses were a little higher this month due to advanced payments for a tax bill (incoming in February) and also a credit card payment as well. Overall, happy that I’m keeping my expenses below £3,000 p/m, as this also includes my Mortgage and all bills as well!
Savings | £3,775
Equalling a savings rate of 38% – Ooof – a little lower than I had anticipated, but this is due to putting a good chunk (£2,500) into the tax account in preparation for the new year tax payment along with Christmas. In total for food, presents I’ve spent around £800, which I’m quite pleased about. This covers quite an extended family, lots of children and hosting.
Investment Growth | £6,093
So even though I have saved £3,775 my investments have actually increased by just over £6,000! Nice, given that the markets have definitely slowed a little, I’m quite pleased with this.
Unfortunately, I was aiming to keep my savings rate above 60% but haven’t managed to this month! I don’t imagine December to be also very high given the tax bill up and coming along with various other expenses (I do most of my insurances at the start of the year).
Wishing all the readers a very Merry Christmas and Happy New Year!