04. 12. 2012

We’re attempting to pay off our mortgage by December 2015 and reach financial freedom by December 2020. Every month I track our progress.

  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 and it now stands at £84,950. YAY! We didn’t make our £80k goal due to the house repairs, but we’re below £85k. PASS.
  2. Contribute/save at least £3,000 £2,500 to our future financial freedom. PASS. We paid £2,613 into hubby’s pension and over £400 interest was added to our emergency fund, so I’m calling this a win.
  3. Save/Spend at least £1,000 £4,500 for house repairs. PASS. Saved and all paid for.
  4. Save/Spend £900 for gifts. PASS. Saved and spent!
  5. Save £1,300 for a family holiday. PASS. Goal completed and trip taken to Portugal.
  6. Save £4,000 for a trip to Washington/NY in 2013. FAIL.Goal put on hold as we needed to pay approx £4k for house repairs.
  7. Save £700 for a mini break to Italy. PASS. Goal completed and trip taken.

I’m so pleased with our progress this year. I’ve lost my way a couple of times, but in general we’ve stuck to the plan and it’s paid off…….now it’s time to move on to 2013. I love the promise of a New Year!

Looking forward to seeing how you all did this year and especially can’t wait to see what hopes you have for 2013 xoxo


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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15 Responses to “2012 Financial Goals #12”

  1. livingdebtfreerocks says:

    Congrats on accomplishing so much in 2012!

  2. Lena says:

    Good job! You’ve achieved a lot of goals this year.

  3. Scarlet says:

    Well done – that’s quite a list of financial goals achieved in one year. My hopes for 2013 are that I’m still going to be able to overpay the mortgage and save some money each month when our annual income falls to 13k in June. It’s going to be incredibly tough.

  4. You’ve done amazingly well! You should be thrilled. Nice work!

  5. Clare says:

    Awesome! Well done Laura!!

  6. declutterer says:

    That is amazing progress – congratulations! Sticking to plans is hard work but it’s so inspiring to see that it really pays off :)

  7. I am impressed by the way you were able to continue mortgage overpayments to a great degree, shift priority to house repairs, and still accomplish your other goals!