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
- TSB Bank Switch: £75
|Free Money Income Stream||Contribution||% Weight|
|Interest on Savings||£27||23%|
October 2023 Total: £120
£5 bellow £125 monthly target
|Month||Free Money Earnings||+/- Monthly Target (£125)||Accumulative||to Year End Objective (£1,500)|
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.