Welcome to No More Spending; our money adventures as we attempt to pay off our mortgage by December 2015, move abroad, and reach Financial Freedom by 2020. You can read more about this site here and subscribe to get all the latest updates sent to you by email or RSS feed here.  Thank you for visiting!

13 February 2009

The 5 Year Plan: The Grand Plan

I'm not a 'fly by the seat of your pants' person. I like order and structure. I don't like surprises, I like a plan. It's a shame that it took me over twenty years to realise this.

I spent my late teens and all of my twenties reacting to the things around me, instead of thinking about what I really wanted in life. This is not unusual, I think that's what a lot of people do. For most of my thirties I just did what I could to raise my children. Move to 2005 and the year that I turned 40. This was the year that I realised I needed a plan. This was the year that I finally decided to get debt free. This was the major turning point in all that follows.

The Grand Plan

2009:
-Become debt free
-Save one year of joint living expenses (a freedom fund)
-Lose 50lbs
-Buy no new clothes
-Start a herb garden
-Make work doable - change my area/department infrastructure

2010:
-Save travel fund
-Complete house renovation (£2k)

2011:
-Learn Portuguese
-Take a cookery courses
-Experience/meet B&B owners

2012:
-Sell house
-Buy/rent in Portugal
-Go on our big trip
-Quit jobs in UK

2013:
Running a B&B in Portugal

Ongoing throughout:
Reducing/Simplifying needs
Working on house
Pension contributions
Overpaying mortgage
Streamlining
Dh Language lessons

Some of these things, like starting a herb garden, are just little things that move me towards a greener lifestyle.

Now you tell me, do you have a Grand Plan for your life?

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7 comments:

  1. I had a grand plan. I've always had a grand plan. It consisted of things like "Graduate from high school!" "Get into a good college!" "Graduate from college!" "Get a great job!" "Buy real estate!"

    Now I don't have a Grand Plan. I have plans. But they don't really matter - they are totally flexible. Keep job? Get CFP? Buy more real estate? Travel the globe? Save more money? Buy more stuff?

    My next 5 years are pretty fuzzy when I look ahead. Anything could happen. I always thought I'd be getting engaged, planning a wedding, getting married, maybe even having kids over the course of my next 5 years. But so far, I'm not. So I guess I'll just continue to try to achieve in my career, invest more, buy more...it's all pretty pointless though, in a way.

    ReplyDelete
  2. Hi there-I don't have a grand plan as such, but your post is very motivational and inspiring and gives food for thought!

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  3. This sounds so sensible and realistic which is how goals should be! I have no doubt that you will get there! I'm so pleased for you!

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  4. Yours is a wonderful Grand Plan!

    I have tried to discuss ideas for the future with my husband but he isn't much of a planner. More of a day to day type of person.

    I am a planner. I like to make plans because they make me feel safe and secure - like I have an idea of what my future will look like.

    Our immediate plans are to pay off our last debt and save a 6 month emergency fund.

    A lot of my plans revolve around my children right now. Pay for their college and their weddings.

    For myself, I would like to pay of our current house and live here forever. Travel and vacation - yes, but this is where I want to call home.

    I also aspire to simplifying my life, reducing the stuff in my life so I can focus on the people and expereinces in my life.

    Thanks for an inspiring post!

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  5. wow - that sounds fantastic!

    I have to admit though - I am a fly by the seat of my pants kind of girl ;) lol Just until I get my debt down to where it is in my near future to have it all paid off, you know?

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  6. Laura15/2/09

    Thank you all for commenting. I think there's a natural progression when your kids finally start to grow up and then start leaving home...it's almost like..right what shall I do then?

    ReplyDelete
  7. Laura15/2/09

    Thank you all for commenting. I think there's a natural progression when your kids finally start to grow up and then start leaving home...it's almost like..right what shall I do then?

    ReplyDelete

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