I’m excited for March because not only is it the month of our first big mortgage over payment of 2014, it’s also the month in which we’ll achieve the 50% paid off milestone! WOOT! Our mortgage will be down below £70k and we’ll be half way to mortgage freedom! I’m so excited, can you tell!
The first 50% will have taken 8 years to pay off, but we were also reducing my consumer debt and fixing up our house in that time, so we’re hoping the next 50% can be done in a lot less time.
March income allocation:
March Financial Goals:
- Achieve a 63%+ post-tax savings rate (we include mortgage payments against the principle in this)
- Get a great deal on Buildings and Contents insurance!
Ok that’s it! Back tomorrow with a budget round-up for February.