21. 01. 2015


I’ve only set three financial goals for 2015. One of them is technically a two-year goal, as you can see, but it’s still something we’re very much working towards in 2015, and so I’ve included it.

1. The sum of invested assets at 25% of goal by December 2016. Achieving this goal requires a minimum net income savings rate of 50% for the next two years.

2. Spend no more than £2,520 on grocery & household in 2015. Me versus the grocery budget…again!

3. Track every penny spent in 2015. I’m fairly good at tracking our spending, but I’m not sure that I’ve ever kept a full record for a whole year.

That’s it! Nice and simple. Now we just have to achieve them :)

What financial goals do you have for 2015?


18. 07. 2014

You guys are probably sick of reading about our house move by now. I know I’m fed up writing about it! All I want to do right now is get going on the fun part – the decorating. But I have to wait, hopefully just one more week.

Anyway. Financial Freedom and Focus!

Over the last few days/weeks M and I have had a lot of discussions about the future, and where we go from here financially now that the mortgage is gone. We know that our goal timescale for Financial Freedom is ten years, but we’re slightly undecided of the exact financial path we’ll take during those ten years. However for the now we have to have something to work towards and focus on, which means having a set of written down goals. A plan. It’s the only way we can stay focused.

And here’s what we’ve come up with so far. Of course we’ll need to break it down a little every year, but this is exactly what we need to re-focus.


To help us on our way I’ve done a lot of work on our new budget set up, and organised all of our bank accounts. I’ll talk about this more when I’m back on my computer. (The laptop I’m using right now hardly works and so posting spreadsheets is out of the question lol)

It seems simple enough! Ha! The longest step is the move from 25% to 50% because we’re not starting at zero for the first step. Anyway we’ll see how we go. At least for now we have something to focus on, which was our main aim.


18. 06. 2014

I’ve written many times about trying to get our monthly core budget below £1,000 and now finally, with our house move, we should be able to pull it off.

The big difference of course will be the lack of mortgage payment as we’re able to buy our new home outright. In a way we’re cutting out a lot of the mortgage payoff hard work by downsizing to less than 700 sq ft. However we’ve very happy to be accelerating our move to a simpler home, and a simpler lifestyle, as it will enable us to achieve our goals a lot earlier.

New Budget vs. Current Budget:

apartment budget

I’ve had to estimate a lot of the costs, but the £964.73 total allows for a little wiggle room on my < £1k target. Of course I haven’t included travel saving in this total, but I have included other line items that would go if they had to.