Month End: October ’18 – assets and spending

What a difference a month makes!!!

Whilst I was enjoying family bliss away from the world, the world was going to pot!  Stock markets were crashing and all sorts of scares were about.  I didn’t pay much attention to it, although  I did see it as a buying opportunity.  But mostly my focus was on family – but since you wouldn’t put a price on your kids, I’ll leave them out of the equation.  So, here’s how the month went for us:

Spending totaled just under £3000 for the month.  Not frugal but a good improvement:

41% was childcare

28% was household costs and car depreciation

30% was spending and in absolute figures that’s a drop from over £2000 (last 12 month average) to less than £1000 for the month.

Savings rate was 56% based on an average of 36% over the last 6 months.

On the assets front:

close up of coins on table
Photo by Karol D on Pexels.com

The markets gods did not look favourable on us.  We lost over £11k (which is only -1.3% but it’s a lot of money!).

Our pre-pension funds were down by about £9,000 which is disappointing – but it just puts us back to where we were in August and I wasn’t upset then with life.

My final point to make is that our finances are relatively self-managing.  I don’t think that it makes much sense to waste time worry about anything especially money and my monthly spreadsheet update is already pretty slick – easy to update and works for me.  It allows me to get on with the more important things in life.

Thanks, GFF

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