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!

2 May 2010

May 2010 Net Worth +£805

To a certain extent I think a net worth figure is just a number and what's really important is income streams, but as a tool to monitor and motivate, it's a great thing, so I'm tracking ours again; our goal is to reach £100k by 31st December 2011.

Net Worth {£100,000k = $152,000k}


Assets:
Cash £13,568
House £180,656 {Source: Zoopla}
Personal £3,125
Small Pension £1,009
Total: £198,358

Liabilities:
Mortgage £118,687
Total: £118,687

Net Worth: £79,671 {US $121,746}

Our cash holding went up £359 this month and our mortgage decreased by £446, so a total increase of £805 in May.

**All figures are in British pounds {££} and our main pension funds are not included, {we just have an amount we will receive at 65} which skews the total amount somewhat, but I'm not sure how I can include them.

To see the Net Worth of other bloggers view the Wealthy Bloggers list at Suburban Dollar :-)

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