Just a quick 3 month catch up

In my unintended hiatus I missed the last three months of updates.

Let’s get that sorted out, real quick like.

Savings Rate

Last time I bared my financial knackers to the interest at the end of November I had a savings rate of 55%, and an average of 53.4% for the year.  December ended up with a savings rate of 70.6% and an average for the year of 54.9%.

Not bad, shy of the 60% target I set, but come on!  I got married in the year too.

The Zombie Finances were good to me in January, with a savings rate of 74.3%.  And then not so good to me in February with a savings rate of 54.2%.  That’s an average of 64.3% for 2017 so far.

We started the year with a few weddings and I bought a couple of things to help keep me training (a Garmin watch and a wetsuit), so Febraury suffered a little.

Given that I have failed to hit my target of 60% two years running…I’ll give it another shot 🙂

A graph for you to break up the text

A graph for you to break up the text

I’ve included an indicative March saving rate, and it’s looking healthy.  It’ll trend down but I’m hopeful it’ll stay above 60%.

My long term average is creeping up towards 60%, so I’m feeling confident that this is the year that I hit my target.

Net Worth

My NetWorth had seen an increase of 44.85% to the end of November, pretty much hitting my target of 45% for the year already.

The Zombie Train ploughed on through December, leaving me with an increase in NetWorth of 54.1% for the year.  Yee-haw, hell of a December right there!

If you want to reach Financial Independence you can’t stop the train early.  So my savings continued into the New Year, giving me a 2.2% rise in Networth in January and 5.3% in Febraury.  Putting me on a pretty strong start to the year.  Seems TFS was right, a busy working zombie just ain’t got the time to spend money.

Just a Zombies Pension and other savings, move along please

Just a Zombie’s Pension and other savings, move along please

Mmmmmmmm.  Such a tasty graph.

Well, shit a pig.  A couple more years like this and I’m well on my way.  5 more years like that and I’m about there.

That’s the second year in a row I’ve hit my NetWorth target (and not hit that goddam savings rate target).  As my NetWorth grows, the growth rate I see will shrink.  After all, it’s much easier to grow £1,000 by 10% than it is £1,000,000.  My contributions will become a smaller and smaller portion of my total savings.  A nice problem to have, to be sure.

With that in mind, 45% targeted growth it is again.

So there you have it, a quick update in less than 500 words, 2 graphs and 1 affiliate link.

Remember kiddies: Spend Less, Save More & Escape the Horde.

Mr Z

 

8 thoughts on “Just a quick 3 month catch up

  1. theFIREstarter

    An easily digestible update there… I think I could learn a thing or two from that 🙂

    I missed the affiliate link, I hope it wasn’t the one to my blog as I’m not giving you a damn penny Haha!

    Reply
  2. The Rhino

    hows the swimming going?

    If you want another target to aim for how about joining me in going for a sub 5min 400m freestyle?

    You reckon you can hack 1:15 100m pace and string a few together?

    Reply
    1. Mr Zombie Post author

      It’s going alright, thanks 🙂

      1:15 for 100m, yep. Not sure how many I could string together. I’m looking at a 28minute 1.5k at the moment, a sub 5 minute 400m seems like a lot of training away! You get close to it? I’m game…a good target for this year’s swimming 🙂

      Mr Z

      Reply
    1. Mr Zombie Post author

      Thanks Sarah. The kind words mean a lot. Not sure about an inspiration! 😉 It’s nice to see a long term plan working!

      Mr Z

      Reply
  3. RetirementInvestingToday

    Great to see you back in the blogging groove Mr Z. Also a nice net worth gain there! Have you set your FI or FIRE target yet? I think previously you were thinking £250k but I’d be interested to know if you’ve revised that as you’ve been learning on your journey.

    Reply
    1. Mr Zombie Post author

      Hi RiT,

      Thanks. The markets were pretty kind, and I think there was a bit of a catch up from my pension value (their sytem valuation seemed to be lagging for some reason and it looks like it came through towards the end of 2016).

      I’ve set a couple and changed it a few times. Initially it was £1m, then £625k.

      At the moment somewhere between £250k and £300k is what I’m aiming for. But, one important disclosure, that would also include us being mortgage free. Depending on how you define it, that would be closer to £500k – £600k including the paid off house at Market Value. A fully paid off house with somewhere betwen £833 and £1,000 a month, based on 4% income and I’d leave my job tomorrow. I’d probably try and set up a business within a few months to cover living expenses, with the knowledge that I have some nice savings churning away in the background.

      Reply

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