I made £2,020 in Free Money in 2020
Free Cash Summary by Month and by Source
2020 was a good year in terms of free cash. As mentioned in previous posts, I keep a written diary and a summary sheet at the end of every month to monitor my progress, but never went any further than that. I am keen to have a closer and more detailed look.
Objective for the Year: £1,200 ; End of Year Result: £2,017
| Month | Bank Rewards | Decluttering Sales | Cashback | Interests | Total | Accumulative | vs Objective |
| January | £12 | £157 | £27 | £196 | £196 | £1,004 | |
| February | £12 | £28 | £3 | £26 | £69 | £265 | £935 |
| March | £14 | £18 | £18 | £50 | £315 | £885 | |
| April | £14 | £15 | £23 | £52 | £367 | £833 | |
| May | £10 | £23 | £24 | £57 | £424 | £776 | |
| June | £10 | £30 | £12 | £52 | £476 | £724 | |
| July | £8 | £12 | £80 | £10 | £110 | £586 | £614 |
| August | £8 | £858 | £6 | £872 | £1,458 | –£258 | |
| September | £8 | £162 | £7 | £2 | £179 | £1,637 | -£437 |
| October | £10 | £251 | £7 | £268 | £1,905 | -£705 | |
| November | £10 | £5 | £6 | £21 | £1,926 | -£726 | |
| December | £8 | £79 | £4 | £91 | £2,017 | -£817 | |
| Totals | £124 | £1,638 | £90 | £165 | £2,017 |
| Source | Ammount | % Weight |
| Bank Rewards | £124 | 6% |
| Decluttering Sales | £1,638 | 81% |
| Cashback | £90 | 4% |
| Interests | £165 | 8% |
| Total | £2,017 | 100% |
Main Highlights
- There is a clear 80/20 rule quite apparent from the summary time. 80% of all cash inflows came from eBay sales or 25% (1/4) of the sources.
- Objective was met in August. Accumulative sums by the end of that month reached £1,458.
- I have not been particularly active as regards to cashback and promotions as it did not feel necessary. I guess I could have but I was happy enough with my progress meaning I concentrated on sales.
- Total could have been higher should I had deposited the proceeds in my ISA Account but this was free money I had already committed to spend.
£872 Free Cash Earnings in August
The short answer is that my house extension works started. As a result, I ended up with quite a few items which had to go in order to make room for it. To illustrate this, I have put together the following list:
- Conservatory: £340
- Sliding doors: £240
- Washing machine: £90
- Oven, Hub & Extractor: £90
- Undercounter fridge: £70
- Dishwasher: £60
- Fridge: £50
- Undercounter Freezer: £50
- Ceiling Fan: £42
- Sofa: £26
- Kitchen Sink: £25
Here are my eBay for the top 5 sales:
Conservatory Net profit: £340
Sliding doors Net profit: £240
Washing Machine Net profit: £90
Dishwasher Net profit: £60
Fridge Net profit: £50
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