A reader asked me in an email if I still think our mortgage will be paid off before we move to Portugal? No, is the answer. Do I think that we’ll still move to Portugal in 2012? Yes. We’ve adjusted our expectations and our original plans on what we’ll be buying in Portugal, but we’re still going. We just have to be more creative, who knows where the housing market will be in three years time?
Below is a small piece of our Move To Portugal saving spreadsheet, this is our estimate of what we’ll need when we move. Our plan is to have this money saved by August 2010, then, we will consider overpaying the mortgage again.
| One Year Expenses | £18,000.00 | Isa 08/09 | £3,419.99 |
| BIG Trip (or expenses) | £5,000.00 | Isa 08/09 | £3,653.00 |
| Renovation Before Sale | £2,000.00 | Direct Saver | £500.00 |
| Est. Portugal Fees | £10,000.00 | E-Saver | £2,400.00 |
| ING Big Trip | £51.00 | ||
| Sub Total: | £35,000.00 | Sub Total: | £10,023.99 |
| Savings Target: | -£24,976.01 | ||
Get updates to Move To Portugal here
{ 6 comments… read them below or add one }
Okay, you totally freaked me out when I read the title of this post. I immediately thought you were scrapping the whole Portugal plan! AGH! I’m glad to see you’re still on track and plugging away. After all, I will need a place to stay when we eventually get over there! ; )
kirwin’s last blog post..Edit, Add, Appreciate
Good luck on your plan for moving to Portugal. Setting goals can be a real challenge, running into many road blocks along the process. Stay focused and make a commitment, I am sure your plan will work out. At http://determined2.com Interactivity that promotes successful pursuit of life goals.
Hi kirwin, not scrapping the Portugal plan..never. I just wanted to put some figures out there, to show people what we’re looking at saving; we could go tomorrow, but it would be on a ‘wing and a prayer’. We want to do it sensibly and have a years savings in place etc.
I look forward to your visit
It is soooo good that you know what you want and will simply make it happen without changing your time frame. So many people put these things off until it is too late. Once you are in Portugal you won’t mind if you have a smaller property, your playground will be the seaside!!
Frugal Trenches’s last blog post..Day 3 – the one with no electricity!
I love reading about plans to escape the rat race – writing numbers down is a good idea.
Dreamer’s last blog post..Darkness
Hi ft, I figure you have one life, so you should just do it; only regret, if anything, is that I didn’t do it 20 years ago
Hi dreamer; thank you. Number targets are what motivate me more than anything; especially if they’re not massive!