Welcome to No More Spending; how we manage our budget as we attempt to pay off our mortgage early, 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!

5 July 2009

The 5 Year Plan: Master To Do List Update

I focus a lot on my goals. Reading this list keeps me going. Having goals to work towards keep me motivated.

Finances:
Pay Off Debt - This continues to be my daily focus. Once this is gone I will have £800-£1000 extra a month and be saving about £70 in interest. Win/Win
Pay off our mortgage - Work in progress. £123k to go, was £138k
Save one year of living expenses - Target £18k, saved £10k
Save a travel fund - Target £5k, saved £651
Continue to build pension funds - Ongoing money taken from salary every payday
Build passive and alternative income to £500 a month (New goal) - work in progress
Save over 50% of our income (New goal) - work in progress

Housing:
Finish all renovations - Ongoing, need £3k hope to complete in 2010
Sell our house -Still undecided, might hold onto for eventual rental income

Work:
Improve the infrastructure in my department - Done

Downsizing:
Reduce our belongings and not add to them - Done
Live totally clutter free - Not quite but getting there

Simple and Greener Living:
Streamline every area of my life - Hmm
Eliminate the unnecessary - Hmm
Learn to garden - Hmm
Reduce our impact - Trying hard to

Portugal Living:
Rent or buy small and simple in Portugal - not yet
Learn Portuguese - some basic words
Contact and gather knowledge from b&b owners - not yet, still undecided if what I want to do
Take a cookery course - not yet

Healthy Living:
Lose weight - lost 10lbs in 2009!
Deal with a health issue - Hmm

Some goals are progressing well, others not so
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7 comments:

  1. Ooo-aahh sorte (the pronunciation of "Good luck" in Portuguese LOL!)

    The decluttering will be a big change in your life, I promise. :) I love being in a studio now!
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  2. Your progress is encouraging!
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  3. Your foresight is amazing and you are doing really well. I couldn't be as far thinking as you, i change my mind hourly about practically everything (annoying!)
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  4. I like your "Hmm". LOL. I am trying to make an alternative income, too. Not easy to do, but my perserverance is starting to pay off - I just made $150 via the internet. :)
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  5. I like reading your goals - it looks like you are really doing great on them! Way to go!
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  6. Ola FB...I love the sound of studio living :)

    thanks RTC, so is yours :)

    Carol, i change my mind constantly about some things, but try to keep the core goals the same :)

    well done christine, your new site looks great :)

    thanks dawn :)
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  7. Hi - I am bilingual in English and Portuguese - give me a shout anytime at SavingsNow, happy to coach you some basic words and expressions if you like! x
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