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!

15 January 2010

The 5 Year Plan 2009-2013: January Update

I've updated my five year plan, which is constantly evolving as my situation changes. I'm printing this out on bright pink paper and placing it above my desk so that it serves as a constant reminder of where I want to be by 2013.

Finances:
· We are now totally consumer debt free and plan to stay that way forever. Next up is the mortgage. We plan to pay this off by 2020 (10 year plan). It currently stands at £120k
· Save one year of living expenses – nearly completed
· Save a travel fund for a big trip to NY in 2012 – 20% completed
· Continue to build pension funds - ongoing
· Build passive and alternative income to £500 a month - work in progress
· Save over 50% of our income – currently saving 20%
· Plan ahead for all purchases

Home:
· Finish all renovations – to be completed in 2010
· Rent out the house in 2012 to provide income
· Move to Portugal - 2012

Simple and Greener Living:
· Continue to streamline, simplify and reduce our impact
· Cook all food from scratch by the end of 2010
· Buy eco friendly when possible and move towards organic food

Business/Work:
· Decide on a direction/business - 2010
· Get a part time job - 2010

Personal:
· Rise early in the morning to be more productive
· Do some exercise every day
· Eat at least six portions of fruit and vegetables a day
· Lose weight – 40lbs in 2010
· Have a weekly date with husband
· Continue to nurture relationships with older children – meet up regularly now that two have left home
· Relax more and read more
Give time or money - volunteer

Donate to the Oxfam emergency response fund in Haiti here

9 comments:

  1. In 2012 if you want to swap houses (NY for Portugal) let me know. I'm not directly in NYC but on the outskirts( 1 &1/2 hr train ride away and most people here commute back and forth to NYC every single day) Just a thought. Or another goal.

    I like your 5 year plan. I gotta get me one of them!
    ReplyDelete
  2. Hi Morrison, what a wonderful idea - I thought that would be a great myself but wasn't sure if you'd be interested. We're looking at moving near to Lisbon; a perfect place for a holiday :-)

    I love 5 year plans, they really help me to keep focus; would love to read yours.

    I've been following your remodel, it's looking great!
    ReplyDelete
  3. I am still so excited for you that you are debt free - great idea to still keep your 5 year in site!!!! good luck
    ReplyDelete
  4. Laura, you inspired me to work on a 5 year plan, which I am compiling today! Really makes you think and focus on future.

    Thanks!

    I'll let you know when I am done.
    ReplyDelete
  5. great goals! thanks for sharing!
    ReplyDelete
  6. Hi jenny and thanks for saying hello.

    I'm a BIG admirer of your blog; I find it v. inspiring :-)
    ReplyDelete
  7. Hi Laura, wow. I'm impressed with your five year plan. I've never done anything like this, but I am contemplating it having read your post. It seems a bit overwhelming. I think I'll put it on my to do though anyway and see what I can come up with.
    ReplyDelete
  8. Wow, I am impressed too! You go girl!
    ReplyDelete
  9. Wonderful goals. There is just something amazing about seeing them writen out. Not sure if you got my email (I've had some email woes)but how's the job situation?
    ReplyDelete

Hi and thank you for visiting No More Spending.

Related Posts Plugin for WordPress, Blogger...