January 2021 Review

That’s January well and truly done and dusted. A quick update to see how my Net Worth is doing and how I did with working towards the goals that I set myself. We’ll start with what my money looks like for the month.

As usual I’ve got last month’s figures in brackets for comparison. I’ve got my Defined Benefits Pension in there based on twenty years worth of money if I start drawing it at 60. I’ve also got my Net Worth not including the DB Pension or the house equity, which seems barmy, but is really just to represent how close I’m getting to mortgage neutrality.

Debts

Mortgage £94,838.70 (£95,330.62)

Assets

Cash £34,965.12 (£34,503.66)

Defined Benefits Pension £130,653.60 (£130,653.60)

AVC’s £10,307.70 (£9,826.32)

Shares £49,209.19 (£49,278.21)

House £250,000 (£250,000)

Total Assets £475,135.61 (£474,261.79)

Net Worth including house equity

£475,135.61- £94,838.70 = £380,296.91 (378,931.17)

Net Worth excluding house equity and Defined Benefits Pension

£94,482.01 – £94,838.70 = -£356.69 (-£1,722.43)

So how do I feel about those figures? Not too bad I think. The shares have gone down slightly, which considering I invested another £675 in January isn’t exactly ideal. It’s not horrendous though. It would be nice to be back above £50k again, but I’m sure I’ll get there sooner rather than later. I’m happy to get the AVC fund above £10k, especially as that means I’m now a fifth of the way towards my target. Cash has gone up again a little bit, which it really shouldn’t be doing now that I have a cut in my maintenance due to my eldest having gone off to uni, albeit only for one term before lockdown forced him back home to study online from his bedroom. (Cambridge’s loss is my gain, I’m delighted to have a temporary reprieve and have him back in the house!) I had my lowest ever credit card bill in January, coming in at around £250. Considering I pay for everything except my utility bills with this card and clear it each month this is definitely good going for a family of three that includes two teenage boys who are eating machines.

I am so close to being mortgage neutral now that I can practically taste it. Only £356.69 stands between me and mortgage neutrality. When I mentioned this to the kids one of them offered to transfer me the money just so I could get there straight away. I politely declined. This is going to be all the sweeter for waiting for it. Hopefully next month if I can keep my spending under control.

This month is already proving more spendy than last, but with a bit of luck it won’t stop me hitting the magic number for mortgage neutrality. I’ve had to get a bit of work done to the house as some mice got in. I got a company in to sort them, which luckily was included in the home emergency cover that comes with my bank account. What isn’t included is the mouse proofing of the house that I needed done. This is classed as essential work, so I was able to get my handyman out to fill holes and he’s going to come back to fit a guard to the bottom of the garage door to stop them making themselves at home in my garage. All in it’s only costing me £150, which I think is money well spent for the peace of mind it’s giving me. I know I shouldn’t freak out about mice in the house, but I totally was. I’ve calmed down now, and fingers crossed the problem is sorted now. I’ve also ordered a new desk for home working. The one I’ve been using is far from ideal and as my plan is to work from home indefinitely it makes sense to get an optimal home office set up. So more expenses than usual this month, and I even had to put petrol in the car for the first time in months, but it still shouldn’t be horrendous I don’t think.

Photo by Markus Spiske on Pexels.com

I’m finding I’m getting a bit bored with checking what I’m worth. I still like doing my monthly Net Worth, but the obsessive checking of my Vanguard account is not really doing it for me any more. I think this is a good thing. It’s probably a sign that things are going ok in my life and I’m not looking to FIRE to save me. I do find that the worse I’m finding work the more I check my spreadsheets. I think I’m finally coming to the conclusion that I have things set up as they should be and it’s just going to take time for me to get where I want to be. I don’t have a magic wand that’s going to suddenly make my spreadsheets say something different. Yes, I need to tweak my investments, but I have a plan in place for that. Constantly logging in to my accounts doesn’t improve my life and it just makes me frustrated that I’m not where I want to be yet. I’m slowly weaning myself off my post work checking of my Vanguard account habit!

  • Get under ten stone. FAIL I got down to 10 stone 3.8lb. Although I didn’t achieve this one I’m actually not too bothered. I really want this to be a long term goal more about health than a particular number on the scales. I had a few weeks where I went slightly off the rails, but even then my weight only went up to ten and a half stone. This is a lot better than I was doing last year, and I’m eating really healthy foods, which is kind of the point.
  • Weigh less than ten and a half stone on the first of February. PASS On 1st February I weighed 10 stone 5.2lb. That’s a good weight for me, and I would be delighted to be able to keep it around that level.
  • Exercise four times a week. PASS I’ve finally admitted that I have an injury. It’s been going on for months, but it’s been getting worse. I managed to get a phone appointment with the doctor who referred me to the physio. The good old NHS. Within 24 hours of me phoning the doctors I was in seeing the physio. She examined me and the good news is it’s not osteoarthritis, which was looking like a possibility. Instead it is bursitis. Annoying, but something that should go away. I’ve got exercises to do and I need to rest, so sadly no running. I was told to rest for four weeks, but it’s been that already and there’s not much improvement, so I’ll keep being a good Sassenach and not run for now. I have however been walking plenty. I’ve done a few too many long walks that have not done my hip any favours, but there have been some perfect walking days with sunshine and lots of snow. What can you do? Sometimes you just have to get out there. I’ve been managing to get out at least four times a week for a walk, and I’m really enjoying it.
  • Finish cien días. FAIL I’m not sure why, but I just didn’t do this. I’m still not feeling all that motivated with my Spanish studying, and this has been yet another Spanish thing that I’ve just not done. I’ve got back into it now, so I’ll put this as a goal again to get it finished off.
  • Pick another Spanish series to watch. PASS A bit of a cheat this one, as I didn’t actually do this during January, but it is done now. As I’ve still not finished Cien días yet I have plenty of time for this, but I now have Velvet added to my Netflix list. On the Duolingo forum this one seems to get good reviews, so I’m hoping I enjoy it when I eventually get round to watching it.

So most definitely a mixed month for me. And to be fair that is what it felt like. It has felt really hard to go in to this lockdown. I was hoping to get down to Newcastle for a weekend where my support bubble is. With the border effectively being closed and universities closed my trip down south to drop my son with my parents for dad to take him down to uni was never going to happen. Until this got cancelled I hadn’t realised how much the thought of that was keeping me going. It took me a few weeks to adjust, but I think I’ve more or less bounced back now. And as I said it’s lovely to have him home, although for his sake I hope he gets back to uni soon

So I suppose I’d better set some goals for February. It’s a bit of a cheat this really as we’re so far through February already. I have got some things that I’m working on, but to be honest for now it’s mostly just about getting through lockdown and making sure everybody stays safe. Mum and dad have both now had their first vaccinations, as has my sister as she works for the NHS. I’m really still focussed on healthy eating and making sure that my injury doesn’t mean I stop exercising altogether just because I can’t run. I think quite a few of these goals are going to look pretty familiar, but better late than never if I finally get around to achieving them.

  • Get under 10 stone. As I’ve said before this would really be as low as I would want my weight to go. Even at this weight I still have a belly, but I don’t think that’s ever going to go. I’ve had it my whole life. I really want to focus on eating healthily and feeling good. Weight can be a helpful guide, but it’s not the be all and end all. Saying that, it would be nice to get under the magic ten stone just so I know I can do it
  • Weigh under ten and a half stone on 1st March. Same as before, just to keep me on track
  • Exercise at least four times a week for at least 30 minutes each time. This is especially important now that I’m injured. If nothing else it will ensure I actually get out of the house
  • At least once a week cook a recipe that isn’t one of our go to recipes. It’s so easy to get stuck in a rut with what you cook. I’m sure this boredom then leads to snacking and unhealthy choices. I’m really enjoying lots of veggie meals just now, so I’d like to continue exploring new recipes
  • Finish Cien Días. This is definitely achievable. I’m back watching it again, still struggling to understand it, but the only way I’m going to improve is by sticking at it

That’s enough for now for to me working on. I really want to continue to focus on my health. I’m loving all the healthy eating that I’m doing and I hope that I can reap the rewards from this in the years to come. I’ll keep doing my walking until my body is strong enough for me to run again. If I focus on eating well, getting enough sleep and trying not to sweat the small stuff then I think I’ll have the building blocks for a long and happy life. Here’s hoping anyway.

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