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 track how I’m doing with my mortgage balance compared to my AVC balance. The reason for this is that I made a decision to mostly stop overpaying my mortgage. Instead I use that extra money to put more into my AVC fund. So hopefully I’ll start to see my AVC fund increase in value and more slowly my mortgage balance come down until they meet at some point and I have enough in my AVC fund to clear my mortgage when I retire. That’s the plan anyway.
Mortgage £87,933.02 (£88,443,23)
Cash £27,468.16 (£26,496.43)
Defined Benefits £137,586 (£137,586)
AVC’s £19,416.17 (£17,360.11)
Shares £79,431.87 (£75,798.37)
House £278,089 (£278,089)
Total £541,991.20 (£535,329.91)
Net Worth including house equity
£541,991.20 – £87,933.02 = £454,058.18 (£446,886.68)
AVC Fund vs Mortgage Balance
£19,416.17 – £87,933.02 = -£68,516.85 (-£-71,083.12)
The figures are pretty consistently better than last month. It’s nice to see a bit of a bounce back in the markets. I’ve got a bit more cash as a result of my annual bonus, although I’ve spent that already on car expenses this month. Not very exciting, but at least I didn’t have to dip into my savings to cover the cost. It’s great to see my AVC’s doing a bit better. I’m putting a decent chunk of my salary into those, so it’s good to start to see them grow a bit. It will be nice to get my net worth including the house to half a million. I imagine I’ve got a while to go with that depending on what happens to house prices. It’s a bit of an arbitrary one as I’ve no intention of selling my house any time soon.
I do worry a bit that I’m spending more than I should be. I’m putting a good amount in investments each month, but that doesn’t leave an awful lot over for fun stuff. Nevetheless I do seem to be having plenty of trips away. I’m working on the assumption that I should say yes to things as none of us know how long we’ve got on this planet. It’s all well and good saving for the future you, but you also have to take care of current you as well. I guess if that means I’m using up some of my savings then I can probably live with that. I still have far too much cash sitting there anyway, so using it for trips down to Cambridge to drop my son off and visiting far flung parkruns is probably a pretty good use for it.
Let’s have a look at the goals I set myself for March now.
- Follow marathon training plan PASS This is most definitely my priority just now. The rest of my life is having to fit around my training plan.
- Follow ultra training plan PASS I still can’t quite imagine how I’m going to make it around 55km, but I’m following the plan and there’s still plenty of time to go.
- Complete half marathon race I did the Alloa half marathon which was a gorgeous one. The villages we ran through were a bit on the scruffy side, but the views of the hills more than made up for it. I was chuffed with my time too. 2.08 hours and I felt pretty strong. I didn’t even totally hate the killer hill at 11 miles.
- Trip to Ipswich to do parkrun (sorry I mean to collect my son from university, even if Ipswich is 50 miles in the wrong direction. That is absolutely nothing to do with needing an I for the parkrun alphabet challenge!) PASS Dad and I had a lovely trip to Ipswich, bagged an I for our challenge and spent some quality dad and daughter time. We even remembered to go and collect my son. Result.
- Watch 16 episodes of Betty en NY PASS I’m still enjoying this, understanding a fair amount and not finding it a chore to watch it. The only problem is making the time with all this running that I’m doing.
- Set up retire at 55 spreadsheet FAIL As this was a goal for February too then I think it’s safe to say I’m not all that fussed about getting this done. And let’s be honest there’s no great rush. Chances of my retiring at 55 are slim to non existent. No doubt one rainy afternoon I’ll get around to setting this up, but for now I’m going to stop setting it as a goal.
A pretty good month one way and another. I’m doing absolutely loads of running and walking. I’m managing to get the miles in one way or another. Really it’s finding the time that’s the most difficult thing. This working for a living really gets in the way of my training. I can just about manage it if there’s not too much else going on, but try and fit in a bit of a social life and it gets pretty difficult. So this weekend dad came to stay for a night for yet another parkrun related adventure. Not long after he arrived I finished work and then promptly had to go out for a 9 mile run. And next week I need to do a 14 mile run before driving to Newcastle for yet another parkrun/uni dropping off road trip. We’ll not even talk about the day after the Alloa half marathon where I’d booked a day off work to recover and realised that was the only day that week I would have time for my long run, so had to go out and run 18 miles.
The training period for the marathon has had to be extended as well. I was due to do the Stirling Marathon in May, but they’ve just cancelled it. They’re saying it’s because there weren’t sufficient numbers signed up, but that doesn’t seem all that likely. They postponed back in October too, so this is the second time I’ve been training for this marathon that’s not going ahead. There’s no way I wanted to have to start afresh for another race later in the year, so I’ve signed up for another marathon a month later than the original one. It’s in Perthshire and should be beautiful, if somewhat hilly with 1500 ft of ascent. I’d better get hill training!
Time to set some goals for April then. It goes without saying that I need to keep plugging away at my marathon and ultra training plans. Keeping that in mind I’m not going to set myself much else to do. I’ve got to be realistic about how much time I’ve got.
- Finish Duolingo Unit 6 of the Spanish tree. As long as I’m consistent on this one then I should be fine. I’ve worked out what I need to do every day, so I just need to stick to that
- Read the Spanish Intermediate short stories book that I’ve bought. I’ve already read the Beginners one, so hopefully I’ll cope with this one just as well
- Watch 16 episodes of Betty en NY
- Reach 100 parkruns. I’m very excited about this one. I’m almost there. Helped by the fact that I’ve gone on a secondment and so am not working Saturdays for the next few months.
- Book a trip to Alton Towers for the summer. I really want to book some family time in whilst my offspring are still happy to spend time with me
That’s plenty to be getting on with along with all the running that I need to be doing. All in all it’s not been a bad March, and it’s great to be seeing the signs of the summer to come. We’ll just have to ignore the snow and hailstorms that randomly keep appearing between the sunny spells!