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!

3 August 2010

Net Worth August 2010 +£841

I'm trying to achieve a six figure net worth by December 2011 {£100,000k = $158,410k on today's exchange rate} Last month we took a drop of £862, this month an increase of £841.


Assets:
£12,635 Cash.
£180,656 House value{Source: Zoopla}
£3,125 Personal
£1,009 Old Pension
£197,425 Total

Liabilities:
£117,298 Mortgage
£117,298 Total

Net Worth: £80,127 {$126,885}

Our cash holdings went up by £340 and our mortgage debt down by £501; to reduce the term a little we are making a small mortgage overpayment of £57 every month.

Pension funds are not included in this amount, further details of these can be found here.

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2 comments:

  1. Well done, I really do applaud you. You are obviously doing everything right, I hope my Children follow in your footsteps and not in mine.
    ReplyDelete

Hi and thank you for visiting No More Spending.

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