NO MORE SPENDING
03. 09. 2013

Sandbanks Area Poole

 We revised our annual goals a little last month – it made sense to as things have changed a lot over the last few months.

New Financial Goals for 2013:

  1. Reduce our mortgage balance to less than £72,000 – Starting balance before September 1st payment: £75,950. New balance £75,400. We’ve now paid off £9,550 in 2013…yay…..and I can’t wait for this to be over £10k next month!
  2. Complete and pay for all house repairs – Approximate cost £4,000. Ongoing! All repairs should be finished and paid for by the end of September…fingers crossed.
  3. Spend no more than £2,500 on groceries – Current spend (8 months Dec-July inc.) £1,660.62. I spent £251.30 in August, leaving £588.08 for the next 3 months . Total spend: £1,911.92/£2,500.

Further Reading:

Financial Freedom Goals

Photo taken on my walk along the road to Sandbanks in Poole, Dorset this morning…it’s the only one I took as I was so intent on my marching. It’s a very pleasant area to get fit in :)

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.

Latest posts by Laura (see all)

7 Responses to “2013 FINANCIAL GOALS (UPDATE #9)”

  1. Jennifer says:

    Those pesky house repairs are getting us as well! Cannot wait until we really get on top of this!

  2. Beautiful view for your walk! I figure 588 for groceries for three months might be “just” do-able? Since you have a stockpile and all…

  3. You can accomplish these goals! One idea might be for you to take some of the grocery money and set some aside (or earmark it) – especially if you have any special celebrations in the next 3 months. (For us in the States I would be thinking about Thanksgiving.) Think about any upcoming birthdays, parties etc. where you might be hosting or bringing food. Remember to factor those in now. ~Pru

  4. savingfortravel says:

    Oh Laura I am so pleased the house repairs have gone so well and look how much you have paid off your mortgage this year. AMAZING!

    Sft x