After moving house and with the money finally in the bank… I guess this is the most significant update in a while.
Total Net Wealth = ~ £170K, or £0.
Depending on how you look at it! I’m in the process of buying a house for £172K, so I could just cash in all my investments, buy the house outright and be mortgage free. However, I’ve opted to apply for a small mortgage, so I can keep my investments in place. In which case my TNW would spread as follows (just replace ‘cash’ with ‘property’ in the bar chart below).
As I see it, I am effectively mortgage free, because I could 'kill it' with minimal hassle by cashing in the investments if I wanted/ needed to.
I’m taking out enough of a mortgage to give myself a £10K ‘float’ too which I’ll probably invest about half… peer to peer lending is looking the most attractive atm, with a 7% return.
I’ve actually got a little bit more in the bank, but I haven’t included it as I need to cover legal fees for the purchase, moving costs, stamp duty (let’s just say I’m glad my house is cheap!) and my expenses for August.
Expenditure for the final 9 days of July
<I did this because things had been getting a little out of control in June/ early July…. My goal was to reign it back in with an average daily spend target of £40. I just about got there...
August budget going forwards….
Even though I’m still in my liminal phase, I’ve decided it’s time to get back on track with the frugality, in order to restart the early retirement extreme drive proper. Hence I’m setting myself a daily average spend budget of £30, after my hot desk cost, storage costs, and fuel and transport costs, all of which I’ve already included in my ‘liminality budgeting.