Wealth update – 31/12/2020

It’s the last day of 2020! Here’s a quick update of the last two months as I forgot to do one for November due to being extremely busy with work.

Gas supply saga

I still have no clue what’s happening with my gas supply switch. The new provider has confirmed they have made the switch but I’m still being charged by my old provider and haven’t had a closing bill…

British citizenship saga

Both me and my girlfriend have received an email from the Home Office notifying us that our British citizenship applications were successful. My email came a few days after my girlfriend’s – even though we submitted everything at the same time. I was worried for a little bit but am very pleased with the outcome.

In case you’re wondering, it took us 10-11 weeks to get the emails about the Home Office’s decision from the point we first made our applications (and we gave our biometrics a month after the application).

The final stage of the process is to attend a citizenship ceremony. However, coronavirus has made it difficult to arrange these and there seems to be a bit of a backlog. The councils might be able to arrange virtual video conference ceremonies… we shall see. I expect us to be British between March – May 2021.

It feels good to have one thing less to worry about.

Lifestyle inflation?

I have been shopping! And it feeeeeeels gooood.

I bought a new pair of pants for myself from Lululemon. Yep, it’s that overhyped expensive yoga pants shop. I bought office/work pants from them. These bad boys set me back £118 and are easily the most expensive pair of pantalones I’ve ever bought.

The main reason to buy them was the anti-ball-crushing (ABC) technology, which they promoted on their website. I was sold and immediately bought them.

You must be curious whether the ABC actually works as expected. Sadly, I don’t feel like there’s much of a difference and my crown jewels can totes be crushed when I wear my Lululemons. I wear them every day and it’s not because they’re my only pair of trousers… #ExtremeFrugalism. Seriously though, they are decent trousers but I would recommend going for something cheaper if you can.

The shopping spree didn’t end there. My 4 year old Pixel phone’s battery life was poor and the device felt slower by the day. Therefore, after lots of debating and online researching I decided to upgrade to the new Pixel 5 for £599. I thought this phone would last me another 4 years as it’s got 5G. So far, I’m very happy with the new phone.

Now for Christmas we also bought something for the body. As it’s cold outside and the pandemic is still roaring about (gyms are closed), we decided to buy an indoor exercise bike. We got the JLL IC400 Pro bike for £519.99. Neither of us knew anything about bikes so we bought something in the middle of the expense range hoping that it’s not crap. So far so good. I am totes getting a six-pack in 2021! 🙂 My only gripe is a sore bum from the seat.

Counting my beans

OK. Numbers! My wealth has gone up in both November and December 2020.

November 2020: My net worth as at 30/11/2020 was £142,616 – an increase of £25,064 or 21.3% from Oct 2020.

December 2020: My net worth as at 31/12/2020 was £161,239 – an increase of £18,623 or 13% from November 2020.

In both months I made a £1,600 ISA top-up and £292 pension top-up and £50 was paid into Premium Bonds.

So, both November and December have been positive months and my net wealth is closing for the 2020 year at an all time high. I’ve calculated that my wealth increased by £90,379 (from £70,860 on 1/1/2020) in the 2020 calendar year – of this £26,545 was new money and £63,834 was the investment return – that’s more than £5,300 of gains each month in 2020! Wow! I am very happy with this.

2020 has been a great year for my portfolio, I’m also almost British now and will get a six pack very soon! Pandemic aside, I hope you had a good year too and I wish you a fantastic new year!