June 2021 Free Cash Earnings Report £1,096 Free Money

Bank rewards and interests: £19

• Barclays Blue Rewards: £8
• Co-op: £2
• RBS My Rewards: £3
• Natwest My Rewards: £3
• Santander Lite Bank Account: £3

Interests over savings: £22

• Moneybox General Investment Account £1000 Emergency Fund: £22

Cashback: £82

• Energy Switch: £40
• Computer Purchase: £2
• Home Insurance Switch: £40

Freebies: £927

• Tax Refund: £927

eBay Sales: £46

• Sports Shorts: £4
• Trampoline accessory x2: £16
• Computer software: £16
• Magazine: £2
• Kids Trainers: £4
• Lamp Shade: £4

June Total: £1,096 (+£1,012 over monthly target);

£1,154 above year target.

Bank RewardsInterest on SavingsCashbackFreebiesSalesTotal
MonthFree Cash Earnings+/- to Monthly Target (£84)Accumulativeto Year End Objective (£1,000)

Making it up with a loud bang for the pitiful earnings of £61 in May. I would have never suspected that I would receive a £927 Tax Refund (I am going to swiftly invest it away before they ask me back for it). Total earnings for June are £1,096 or £36 more than I had accrued in the previous five months of the year. This type of unexpected earning is no that uncommon in my experience and comes in different ways: freebies, refunds, big ticket item sales, serial clear outs, … The great thing about it is that it is never expected. The not so good thing is that is going straight into my Free Cash Fund Investment Portfolio. Easy comes easy goes. Better off, I will pay myself in the future. I just don’t need to be selfish now with my future self. I know I will thank myself one day…

For now, just let me behold that beautiful number of £2,154 in Free Money from January to June. Let’s remember that I did not have to work hard for it and was not supposed to be there in the first place. It has produced an additional £110 in interests on top (Free Cash Fund Value £2,264).

Deducting the Tax Refund, earnings would have been a decent £169. Happy with that as well. Bank rewards are almost passive income. They keep delivering £19 per month requiring zero work from my side. Same story with my £1,000 Emergency Fund. I am catching a wave since I have an additional £22 earnings in interests. I am conscious that these returns are not realistic or sustainable in the long term and that I will experience negative growth at some point, but for now, I am just enjoying the moment.

And finally, two sizeable cashback transactions matured in June. Merchants paid commissions to cashback sites and that money was made available to me. I proceeded to transfer the earnings via BACS into my bank account. I received a payment of £40 from Quidco for my Energy Supply Switch (see £100 Saving + £40 Cashback for Switching Energy Supplier Post) and £40 from TopCashback (£45 minus £5 year Fee) for my Home Insurance Switch (see Home Insurance Switch £20 Savings + £45 Cashback Post). Same principle applies as regards to effort. I would have switched to a more competitive tariff/premium regardless to save some money. The Cashback Reward is just the Cherry on the Top.

Average but consistent eBay sales. I sold my last two trampoline accessories and a Windows Me Recovery Disc Set from my vintage 2000s Laptop. Clothing and household accessories are always in demand bringing small but regular profits. Overall, an addition of £46 into the pot. Not bad. Not the best. Always welcome.

Incredibly pleased with my progress until now. Just slightly frustrated at the lack of bank switching offers for me and the non-existent opportunities to invest in Peer to Peer IFISAs at present but I just need to accept that they lay outside of my circle of influence. As for the Free Money Income Streams I can affect, I am well over or on track with my objectives. Encouraging and motivating elements to keep chipping away at it. Will I be able to hit the £3,000 mark by the end of the year? I have six months left to give it a go.

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