September Savings vs Income

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

It is the end of the month again, and it’s time to find out how I have performed with regard to my savings versus income of performed.

This month was a standard month as regards income, but my spending was higher than normal due to our holiday in France, therefore I have only been able to save the regular monthly amounts into my ISA, Company Pension and Mortgage Overpayment

The details of my savings for this month and the year to date are in the tables below. 

INCOMEJAN to AUGSEPTEMBERYEAR to DATE
£41,020.78£4,230.15£45,250.93
Mr FIUK£29,252.12£3,182.29£32,434.41
Mrs FIUK£8,518.66£1,047.86£9,566.52
Company Dividend£3,250.00£0.00£3,250.00

SAVINGJAN to AUGSEPTEMBERYEAR to DATE
£23,637.92£1,667.24£25,305.16
ISA£11,300.00£500.00£11,800.00
Pension£7,000.96£875.12£7,876.08
Mortgage Overpayment£2,336.96£292.12£2,629.08
Cash£3,000.00£0.00£3,000.00

PERCENTAGEJAN to AUGSEPTEMBERYEAR to DATE
57.62%39.41%55.92%

Despite all the costs of travelling to France, we still managed to save into our company pensions, & ISA and overpay our mortgage, but didn’t add any cash to our emergency fund / first year of retirement cash.

Saving as much as possible is really important as a large part of my increase in dividend income is because of the shares I have bought with these savings, and it is the dividend income that will allow me to say goodbye to the wage slavery.

Savings in the September was just under 40%, but the average for the year is still above my 50% target at 55.92%, so I can’t complain too much.

Next month should be a real bumper month as I receive a pay out on the shares in my employing company and I will be saving all of this into my ISA.

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