This is a Saving Ninja savings report. Go to How To Track Your Savings to check out the Saving Ninja Super Spreadsheet. Please note that I split my expenses equally with my partner and the savings rate, house equity and house value represent my share only. The spreadsheet calculates my savings rate based off £12,000 worth of expenses per year, even though my expenses are actually Less Than 10k Per Year . This is to create a buffer; I’m aiming for at least 12k to reach financial independence.
After so many months of huge gains, there was bound to be a tumble at some point. I only hope it doesn’t continue and push me below 100k net worth, it would be embarrassing to have to celebrate it again!
This month saw my investments lose £2,546 of value, although as I’m still contributing a hefty chunk from my salary each month I’ve still gained £1,370 in total net worth.
It’s going to be a sad month when my net worth has decreased, which I’m sure will come sooner or later.
My ‘years to FI’ number now stands at 3.6 years. I’m expecting this to fluctuate up and down as the time comes closer, so I’m thinking that I’ll need to figure out some kind of better metric for figuring out how long I actually have left. Maybe looking at an average ‘years to FI’ decrease over a 12 month period?
My house welcomed me back from my expensive honeymoon by demanding I replace the boiler. This is the first time I’ve ever had to stump up the cost for something like this so I was shocked to find out that I’d have to pay a little over £2000!
We opted for a second-from-the-bottom Worcester Bosch 30i, apparently, the low-end 25i would have trouble providing enough heated water to run a bath, (just about the only task that we’d need our boiler to do).
This will be installed before the end of September, I’m hoping that there will be no ‘complications’ or increased cost as we barely even use the heating.
After the boiler, we’ve still got a few more things on our DIY list before we get another valuation (although I’ve heard a lot of peoples house prices are dropping?) These include: Replacing all of the carpets, painting the hallway walls, painting the doors and skirting boards, knocking down the front wall and turning it into a driveway, and potentially getting a new front door.
I’m currently going through the process of switching into contracting or getting another permanent job, so most of my other ventures, including TSN, have taken a bit of a back seat. I do have some articles which are nearly finished though, so hold tight!
Speaking of articles, I’ve almost finished writing the next Thought Experiment, so keep an eye out for this on the 15th of September.
See you next month, hopefully when we’ll be back in the green :)