I must be getting older as this update seems to come round even quicker! It is one of my favourite updates though, even though some months are better than others. Each month, I can see us inching slowly towards our goal. There is nothing more transparent about aiming for something than documenting it. In fact, we’re nearly at the stage where we’ve got our first year saved! It’s taking longer than I’d like, but at least it’s going 🙂


The Ultimate Dream Fund is named because it is our dream to retire early, and we need the funds to make that happen! One day, this fund will provide us with the money to live on when we leave our 9-5 jobs and time will be all ours. That’s the biggest motivator for achieving our goal. Being able to spend our time with our family is what we’re doing this for; there’s nothing more meaningful to us than that. I keep reading about people who have managed to retire early already and it’s very interesting to read! I cannot wait until we get to share things like that too ? but, I do need to remind myself to enjoy the present too. Frugal Baby makes sure of that!


I continue to post updates on our fund for two reasons. One, so that I can show that living a frugal lifestyle means that we can retire earlier than we should do and still live a good life on the journey. Secondly, to keep me motivated for the long haul. This journey is going to take us a long time, but it’ll be worth it in the end. This plan also includes us being mortgage free, so that our monthly outgoings are reduced and manageable.  Also, when I feel like I’m not doing enough, I look back at the posts and see how far we have come ?


July’s dividend income has already been reinvested so that they are working hard for us. A post will be up on Monday about what we were paid. Receiving dividends throughout the month means that I get multiple small pay checks each month. For doing nothing! I still love the dividend investing approach. Over time, the percentage reinvested will increase and so the amount needed to be saved from income will decrease, or we’ll be able to speed up the process! All of this is within my stocks and shares ISA which is with Hargreaves Lansdown. It is very easy to use and I’d definitely recommend them.


As of July 31st, our Ultimate Dream Fund looks like this:


So, better than last month! In fact, everything has been fairly steady this month in terms of investments, which is good. The fund has increased by £733.69 and I put in just over £700 throughout the month. Nothing wrong with months like this 🙂 And, as we’re aiming to have £18,000 a year in retirement, we’re almost at our first year saved! I think the first few years in terms of monetary savings will be the hardest.


Finally, here is the fund’s progress since I started it in June 2015:


How was July for your savings/investing targets?  


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