September 2019 Savings ReportBy Money Mage · · Frugality, Savings
This is the first of a new series. I’ll take a look at net worth growth Month on Month, Year on Year.
The other MM and I have been keeping a spreadsheet of finances. Money in, money out, actuals. Ever since we got together 18 years ago. It’s a great bit of data, and it’s helped keep our finances in order over the years.
I won’t post absolutes values. Only % of net worth.
I include aspects that are not FIRE applicable. Such as property equity. You need a roof over your head after all! In my industry, we call such figures Vanity Metrics. At least I can tell when I’m doing it I suppose!
2019 so far
This year has been awesome so far. It started with big plans in January - most of which have panned out!
- I increased pension contributions due to extra income from work.
- I’ve changed jobs! For the first time in a decade.
- The hall has been renovated. It took months, way longer than I was expecting. But saved £4,300 with DIY.
- I’ve continued to cut down on drinking. This helps the wallet, mind, and health.
- We cleared the mortgage. We delayed a few months due to the lender not waiving an Early Repayment Charge that they promised. Paid off in August.
Could do better
- Reading. I’ve struggled to settle back into reading this year. A lot spinning around my head. It’s a negative loop not reading though!
- Habit building. It’s been a little bit stop-start with the running & healthier living. Whilst I’m trending well, keeping on it is a little sporadic.
- Not at 0 alcohol. I’ve had a few months completely teetotal, and the trend is good. I had a bad month or so April/May.
September was another good month. Month on Month net worth increased by 2%. Mostly from further savings, pension contributions and growth. Nationwide are reporting slight up tick in house value.
Year on Year is looking healthy at over 23% growth, well above last years 13%.
Year on Year
Some significant changes in allocation so far this year with the clearing of the mortgage. This reduced liquid cash but cleared the mortgage 19 years early. It made sense to do this, as our earning rate on the cash was lower than the mortgage interest rate. Pension growth is also strong due to additional contributions and fund growth.
Whilst equity exposure appears very low, all pensions are in global trackers funds. I invest in equities almost solely via pensions.
This chart shows our net worth growth since the other-MM started work and I graduated.
Whilst we’re mortgage free, and on the path, FI let alone FIRE still seems a very long way away. Subscribe for more. I hope you like the charts, I am a fan of Tufte*.