Things have changed 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. We only made a small over payment this month, but we’re very happy to have paid off £10,810 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. All done, goal completed!
- Spend no more than £2,500 on groceries – I spent £174.09 in October despite being away for 10/11 days! I’m NOT gonna make this goal. 2013 Totals: £2,373.11/£2,500.
I’m very grateful for the progress we’ve made in 2013, but there’s been a lack of consistency throughout the year. Some of it caused by personal stuff (my Dad being poorly really knocked me for six), and some of it caused by indecision – do we continue with mortgage payoff, or do we invest? We’re currently working on our budget & goals for 2014 (and beyond!) and this is the main topic of discussion.
Our Net Worth went up £391.58 in October…at least it’s going the right way.