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!

30 March 2010

Financial Action Plan to Achieve £100k Net Worth

On Sunday I blogged about how I'm spending far too much time planning and not enough doing. Well since becoming debt free I've gone on a little 'money focus' hiatus; it's not that I want to be thinking about money all the time, definitely not, it's more about how I've switched off a little too much. I stopped tracking our Net Worth, I've lapsed with my spending diary and I've generally not paid as much attention to our money as I should do; I got financially lazy. Financial laziness does not get you where you want to be, so I've kicked my own butt and got busy; I've written an Action Plan to help us achieve a six figure net worth before December 2011 and everyday I'll be doing something, however small, to move us further towards this goal.

Financial Action Plan:
  1. Do a Net Worth Snapshot; update monthly to track progress {% increase}
  2. Maximise Interest; move money, make sure all savings in best paying accounts
  3. Amex; max out cash back, use for everything
  4. Money Wasters; what are they? eliminate them
  5. Sell last remaining clutter
  6. Get a job {me}
  7. Insurances; search for cheapest deals
  8. Menu Plan and stick to it
  9. Eliminate food waste
That's it for now. Is there anything else I could be doing?

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2 comments:

  1. It's good to have a plan, and this one sounds like it will give you focus without being too restrictive.

    ReplyDelete
  2. laura30/3/10

    thanks RTC. I've gotten too money complacent since becoming debt free. I need to start managing our money again :-)

    ReplyDelete

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