October 2023 Free Cash Earnings Report £120 Free Money

Bank Rewards: £18

  • Santander Lite Bank Account: £4
  • Halifax Reward Account 1: £5
  • Barclays Blue Rewards: £3
  • RBS My Rewards: £3
  • Natwest My Rewards: £3

Interest on Savings: £27

  • Barclays Rainy Day Savings Account: £11
  • RBS Regular Saver: £8
  • Natwest Regular Saver: £8

Promotions: £75

  • TSB Bank Switch: £75

Free Money Income StreamContribution% Weight
Bank Rewards£1815%
Interest on Savings£2723%

October 2023 Total: £120

£5 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: £1,810

£310 over £1,500 Annual Target

£120 Free Money in October 2023. Only £5 pounds short of my monthly £125 target. I am incredibly busy at the moment and that is somehow showing in my Blog updates. I am doing absolutely nothing at this time to bring Free Money in, which in turn, is the whole philosophy of my method to be fair. I have made £1,810 Free Money in 2023, and that is £310 over a £1,500 objective. Since my plan from now is to count my chips and cash-in, I am not certain as to whether or not I might able to beat the £1,901 I made in 2022. I am guessing that it is going to be close.

Bank rewards. Yet another £18 from my standing order loop with zero effort or input from my end. That brings a total of £233 against a target of £250 for the whole of 2023. All things being equal, it will be achieved this time next month.

Interest on Savings. A combined £27 in interest payments from my personal saving accounts. This money will be put to good use between November and December meaning cash flows from this source will sadly come to a stop. I had a great run by making £235 from this Free Money stream only from January until now. I also assigned an overall figure of £250 for the year. A few days wait more will take me there.

Bank Switch Promotions. My only bank switch this year was back in April. I opened an account with TSB (see post TSB £200 Bank Switch Reward + £20 Cashback) where the £200 bonus cash payment was split into two: £125 for opening the account + £75 for keeping it and remaining active by means of crediting the account with £500 and making five debit card payments on a monthly basis. I have followed this script to the letter for the last six months and they eventually made the second payment on the 18th of October. The £200 are mine now and I have a donor account at my disposal for the next switch. Another single stream objective delivered (£200 vs £200).

I have enjoyed an easy ride this year apart from personal item sales. It is just not happening for me and I have to come to terms with it. Only £161 from decluttering sales. Really poor performance here. Sometimes you win and sometimes you lose. I will have to accept defeat on this one and move on. That is going to be my only red in years. I am going to have to prove to myself that this one-off will be down to statistical noise.

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