I’m wrapping up our 2013 goals in order to clear the decks for our 2014 budget!
Financial Goals for 2013: (Goals updated in August)
- Reduce our mortgage balance to less than £72,000 The final balance on our mortgage for 2013 is £73,500. Our original goal was to reduce our balance by £25,000 – we managed £11,450. Way off goal, but still progress
- Complete and pay for all house repairs - Approximate cost £4,000. All done and goal completed, although we’ve spent £8k+ this year.
- Spend no more than £2,500 (originally £2,000) on groceries – 2013 Total: £2,614.34/£2,500 a monthly average of £217.86
Ongoing Net Worth Goal: Increase NW to £125K in 2013
We sneaked in!
We don’t include pension savings in our NW as we both have (now frozen) Final Salary Pensions. However following a recent pension change, we now have online access to my husbands (new) scheme and will be including this in our NW going forward.
2012-2013 increase: £14,539
Overall it’s been a very good year for our finances and we’re very grateful. Thank you for your continued support xoxo