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!

11 February 2010

Savings Goals Part 3: Monthly Target

It's savings week on No More Spending!

It's {so} great to be consumer debt free but there's still lots of work to be done; we need still to build our cash savings.

To achieve our goal of £30k in cash by the end of December 2011 we need to save another £15,501.32. This works out at £673.97 a month {23 months}. Currently we are able to save approximately £350 a month, so there's a deficit of £323.97; as before when I was paying off debt, I need to think of ways to make some extra money to meet our targets.

One of the ways we could meet our targets is if I go back to work {this may be an option in a couple of months} but at the moment I'll be looking to further reduce our bills, make some side income, and stick to our budget.

What are you doing at the moment to earn some extra income?

4 comments:

  1. Anything and everything .. Amazon, eBay. Surveys and more surveys. Getting ready for car boots and selling gold! How about mystery shopping?

    ReplyDelete
  2. Laura11/2/10

    We're doing the same things - yes will look into mystery shopping, forgot about that :-)

    ReplyDelete
  3. Posted things on Ebay and Half.com yesterday. Hoping to post some clothing on Craigslist in the near future. Lots of surveys and taking some babysitting jobs. I think my husband signed up for a mystery shopping company.

    ReplyDelete
  4. I've been babysitting. :)

    ReplyDelete

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