Our plan to get serious with our mortgage attack starts with our budget. We're not looking to cut out everything - staying is our digital TV package (NFL is my husband's love outside of me and the rest of the family lol), and travel. Also staying is the current round of house renovations as we really need to finish this house! However, there are a few changes we can start making over the next few months, which if accomplished, could lead to budget savings in 2014.
Five Financial Mini Goals:
1. Gas and electricity costs. You may remember this cost going up to a whopping £171 a month earlier in the year. We're nearly back up to date with this account, and the power company estimate we will spend £1,200 on gas and electricity over the next 12 months - potential saving £71 a month.
2. Phone costs. My iPhone contract is due to end in December and I'm not interest in upgrading. I plan to go onto a SIM only deal - potential saving £18 a month.
3. Gift Spending. This is just my personal battle not to overspend at Christmas - potential saving £16 a month.
4. Personal Spending. Again this is just my personal battle. I have 'Enough' - potential saving £20 a month.
5. Grocery Spending. I left this one until last because it's such a biggy for me. I know I can reduce our grocery costs even further. I'm lazy in the kitchen and still buy far too much processed rubbish. If I can really get to grips with this over the next few months, it'll help our budget.....and my diet! German supermarkets and stockpiling are definitely the way to go - potential saving £50 a month.
So that's it! For the next 4+ months I'll be working on reducing these five areas of spending as well as trying to achieve our year end goals.