Things have changes a little this year and in August we made a few changes to our 2013 goals.
New Financial Goals for 2013:
- Reduce our mortgage balance to less than £72,000 – Our mortgage balance is now down to £74,700 and we’re creeping ever closer to the 50% milestone. Yay! We’re super happy to have paid off £10,250 in 2013.
- 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. All done, goal completed!
- Spend no more than £2,500 on groceries – I spent £287.10 in September! I did quite a bit of stockpiling and sent my son back to university with a lot of staples. I have £300.98 left for the next two months, quite doable with just the two of us at home. 2013 Totals: £2,199.02/£2,500.
October Net Worth: (£434.58)
We keep getting very close to our 2013 Net Worth goal of £125k……and then moving backwards. I’m sure the latest house repairs/updates have increased the value of our house – we’ve added a new entryway – but for now we haven’t made any changes to its worth on our spreadsheets. Perhaps we should get a current market valuation done.
Further reading: Financial Freedom Goals