July 2023 Free Cash Earnings Report £77 Free Money

Bank Rewards: £30

  • Santander Lite Bank Account: £11
  • Halifax Reward Account 1: £5
  • Halifax Reward Account 2: £5
  • Barclays Blue Rewards: £3
  • RBS My Rewards: £3
  • Natwest My Rewards: £3

Interest on Savings: £25

  • Barclays Rainy Day Savings Account: £13
  • RBS Regular Saver: £6
  • Natwest Regular Saver: £6

Cashback: £22

  • TSB Bank Account: £20
  • Casual purchases: £2

Free Money Income StreamContribution% Weight
Bank Rewards£3039%
Interest on Savings£2532%

July 2023 Total: £77

£48 bellow £125 monthly target

MonthFree Money Earnings+/- Monthly Target (£125)Accumulativeto Year End Objective (£1,500)
January £124-£1£124£1,376

2023 Free Money Earnings: £1,223

£277 to £1,500 Annual Target

Only £77 pounds Free Money in July 2023. £48 pounds bellow £125 monthly target but still £175 as a monthly average if I divide total earnings of £1,223 by seven months. There is a £277 gap to be bridged to deliver £1,500 in Free Money earnings in 2023. It is not a matter of maybe but a case of how long before December. I just know.

Bank rewards. I was awarded £11 pounds from my Santander bank account. As for the other five accounts, all sums remaining equal ensured an additional £19 pounds. £30 in total out of nothing.

Interest on Savings. I had to make use of some of my savings meaning a small reduction in interest payment takings. £25 pounds out of thin air is still a more than decent proposition for money already committed.

Cashback. A couple of casual purchases brought in £2 pounds but the relevant gain came from switching bank accounts to TSB back in February 2023 (see post TSB £200 Bank Switch Reward + £20 Cashback). I was paid £125 pounds for the switch in April and should be expecting £75 pounds more by October for keeping the account opened. Alongside the £200 switch reward, a £20 cashback bonus was finally made available for payment. All in all £22 pounds cashback into the pot.

That’s it. Not a lot to report really other than steady effortless earnings. I will pick things up after the summer break. I have a bunch of Free Money making activities to tackle ideally taking me to the £2,000 mark for the year. For the time being, I will sip away a few cocktails by the beach. See you shortly.

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