- Joined
- May 2, 2017
- Messages
- 1,695
- Points
- 313
- Age
- 39
Hi all
My first attempt at doing a diary of this nature so any and all feedback welcome
Thanks to the support of the money shed I have now started my journey into the world of saving and earning money over and above my normal income!
A bit about me first - I'm 32, work full time, live in North Wales (which I love!), have more debt than you can shake a very big stick at and am single with no kids.
My main objectives for being on here are as follows:
1. Save money for a trip to America in August (I aim to put aside £2000 in May, June, July and August to do this!).
2. After I have had my trip to America I aim to start putting money into an emergency fund with a target of £3000 in mind.
3. Hit the magical figure of earning £1000 a month each month on top of my wages, after tax, without doing any matched betting!
3. Once I have put my emergency fund in place I then aim to save enough to pay off my hire purchase agreement (currently about £13,500 and my biggest monthly expenditure after the mortgage). By the time I've completed objectives 1 and 2 the monthly payments I am making on my HP will have chipped away a bit at the outstanding balance so I'm hoping that by overpaying each month I'll get the balance to zero in no time.
4. Move on to tackle other debts (I'm just about to enter a Debt Management Plan for these).
5. Once all debts are cleared I then plan on making over payments on my mortgage with the aim of being mortgage free by 50 (current mortgage deal runs until I'm 62).
So some ambitious targets there but I find that if I have set goals in mind it gives me something positive to work towards.
Thanks for reading and I hope you all enjoy the journey that we're about to go on together.
Andrew
My first attempt at doing a diary of this nature so any and all feedback welcome
Thanks to the support of the money shed I have now started my journey into the world of saving and earning money over and above my normal income!
A bit about me first - I'm 32, work full time, live in North Wales (which I love!), have more debt than you can shake a very big stick at and am single with no kids.
My main objectives for being on here are as follows:
1. Save money for a trip to America in August (I aim to put aside £2000 in May, June, July and August to do this!).
2. After I have had my trip to America I aim to start putting money into an emergency fund with a target of £3000 in mind.
3. Hit the magical figure of earning £1000 a month each month on top of my wages, after tax, without doing any matched betting!
3. Once I have put my emergency fund in place I then aim to save enough to pay off my hire purchase agreement (currently about £13,500 and my biggest monthly expenditure after the mortgage). By the time I've completed objectives 1 and 2 the monthly payments I am making on my HP will have chipped away a bit at the outstanding balance so I'm hoping that by overpaying each month I'll get the balance to zero in no time.
4. Move on to tackle other debts (I'm just about to enter a Debt Management Plan for these).
5. Once all debts are cleared I then plan on making over payments on my mortgage with the aim of being mortgage free by 50 (current mortgage deal runs until I'm 62).
So some ambitious targets there but I find that if I have set goals in mind it gives me something positive to work towards.
Thanks for reading and I hope you all enjoy the journey that we're about to go on together.
Andrew