November 2019 Savings Report
By Money Mage · · Frugality, SavingsThis is the next in our new Savings Report series. Savings Report for October 2019 introduced tracking a Savings Rate & Years to FI. September 2019 was the first, and you’ll be able to get them all at the best of Money Mage
This month continues to include a Savings Rate and Towards FI.
I have yet to spend the time to work on figuring out a more realistic Financial Independence figure. I need to take into account growth and also a liquid bridge before my pensions can be accessed at around age 55.
If I get any time over the holiday I’ll take a look.
Here are this months savings figures
November 2019 Savings Rates
| Date | SR | SRp |
|---|---|---|
| November 2019 | 66.89% | 74.25% |
| October 2019 | 65.9% | 73.4% |
| September 2019 | 70.5% | 73.7% |
- SR = Savings Rate
- SRp = Savings Rate inc. Pension
Towards Financial Independence
Our Financial Independence number is quite conservative. This table shows the number of years to achieve Financial Independence in various cases.
| Date | FIh | FIp | FI |
|---|---|---|---|
| November 2019 | 4.7 | 12.9 | 17.6 |
| October 2019 | 4.9 | 13.1 | 17.7 |
| September 2019 | 5.0 | 13.2 | 17.9 |
- FIh = Years to FI based on Total Assets.
- FIp = Years to FI excluding the house, but including illiquid pensions.
- FI = Years to FI excluding the house and other illiquid assets.
November 2019 Recap
November was yet another good month this year. I’ll do a roundup of our year for our next report, but it’s all going very well. There was some deferred expense in November as October’s Trip to Rome cleared off the AMEX. I also took a wee trip to see my Dad and extended family for Dad’s Birthday.
I’ve disposed of a small amount of $LLOY shares as they hit a 6-month peak. I’ve had them for yonks, and I felt they’d be better in a diversified fund.
I’ve also started regularly contributing a small amount to a Stocks and Shares ISA to build a liquid bridge over the next 10 years. Vanguard for low fees. Investing in Vanguard LifeStrategy 80 and a small holding in Vanguard’s FTSE All-World High Dividend Yield $VHYL.
I like to keep investing simple, so it doesn’t become a distraction. My motto is to put it away, leave it there, and don’t look. These reports are meaning I’m looking more - and tinkering more!
I do have pretty significant holdings in investments, but almost entirely via Pension Wrappers. The other MMs Pension is much smaller.
Going Well
- My increased pension contributions are kicking in, with two months increased and one now deposited in the pension from work. I am making use of Salary Sacrifice into a tax-efficient group personal pension at work. I will likely open a SIPP next year and start aiming for the £40K allowance.
- I took a trip to see my Dad and the family early November for his Birthday.
- Money Mage continues to go well, with an uptick in traffic & Twitter following. I’m working on 2020 plans over the next couple of weeks.
- Reading! I’m back into reading a little more. I’ve been reading some science fiction in the evenings as a wind-down. Confederation Series by Peter Hamilton.* - Both the other MM and I are avid Sci-Fi readers, the other MM more than I!
Should do better
- On the drinking front, I had one pretty bad blow-out catching up with old colleagues in November. On a School Night too! Still nothing like days of old.
- Running was still terrible in November. I plan to get out next weekend and over Christmas as I have a load of time off.
November 2019
November has been a pretty good month, with increased pension contributions hitting our accounts.
Month on Month net worth increased by 1.60%, and Year on Year is up 22.6%
| Type | MoM% | YoY% |
|---|
Asset Allocations
Here you can see asset allocations this month compared to November 2018.
Whilst equity exposure appears very low, all pensions are in global trackers funds. Investment in equities is almost solely via pensions.
Lifetime
This chart shows our net worth growth since the other-MM started work and I graduated.
The little bit of bump earlier year was due to a change in my job. This meant reduced pension contributions during probation. It’s now starting to tick up again as expected.
Whilst we’re mortgage free, and on the path, FI let alone FIRE still seems a very long way away. Subscribe for more. Subscribe now and follow me on Twitter @moneymagery. I hope you like the charts, I am a fan of Tufte*.
How is your journey to FI going?
