NO MORE SPENDING
07. 08. 2012

There’s a few things going on around here and goal changes are needed;

  1. Reduce the mortgage to less than £83,000 £80,000 by December 31st 2012. We started this year with a mortgage balance of £106,322.34. After making a few over payments the balance is now £89,620.82. Yay! But with our planned house sale (and the repairs needed before hand), we may not make this goal. I haven’t given up on it, but below £85k may be more realistic. 
  2. Contribute/save at least £3,000 £2,500 to our future financial freedom. Total added to goal in 2012 £1,608 (pension contributions)
  3. Save at least £1,000 £4,500 for house repairs. Ongoing. 
  4. Save £900 for gifts. On track with a monthly saving of £75 (which we’ve now bumped up to £90)
  5. Save £1,300 for a family holiday. Goal completed and trip booked.
  6. Save £4,000 for a trip to Washington/NY in 2013. Goal on hold as we need to pay approx £4k for house repairs.
  7. Save £700 for a mini break to Italy. Goal completed and trip taken.


Financial Freedom Goal: £300,000 Net Worth by December 2020



How are you doing with your long term financial goals?

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Laura

In 2014 my husband & I downsized our home to speed up our quest for Financial Freedom. We swapped our large three bed house, for a small two bed apartment to clear our mortgage and give us enough budget freedom to travel and still save for the future. Our dream, after achieving Financial Freedom, is to spend part of every year living abroad.

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2 Responses to “2012 Financial Goals Report #8”

  1. Niki says:

    Rockin’ it as always Laura! Best of luck with your repairs and selling.