Financial Goals

Our long term, short term and 2010 financial goals:-

1. Be mortgage free by 2020:

In 2010 we will make a small overpayment every month of at least £50. Target £600

2. Have a one year Emergency Fund:

In 2010 we will save £100 a month to complete the fund. Target £1,200 

3. Be able to retire in 2030:

In 2010 we will continue to contribute £140 a month to m’s pension. Target £1,680

4. Have a Travel Fund and a Big Trip Fund:

In 2010 we will save at least £100 a month towards our Big Trip {NY} in 2012. Target £1,200

In 2010 we will save £100 a month to take at least one trip. Target £1,200

5. Have a £1k Mini Emergency Fund: 

In 2010 we will fully fund this from ‘6′ below and side projects

6. Earn Extra Income and Reduce Spending:

In 2010 we will earn/save an extra £1,000 by

• maximising our cash back earnings
• learning to cook everything from scratch and reducing waste
• maximising our savings interest and re investing any interest earned
• cutting  non essential spending

7. Save £3k to complete house renovations

8. Have a £500 Christmas Fund