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Dream budget
Comments
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My child benefit and maintenance alone covers all my household outgoings (on income don't pay rent or council tax) though i do have a theory budget set up for when I am working again, so debt free i would have wtc, ctc and wage -£90 a week to use towards savings and any bits of furniture I still require. Savings for moving to a different area, I dont know there is lots of things. Kids returning to there sporting activities for one.2026 Goals
Live below £14000
Emergency Fund 1 £3k/£1002
Emergency Fund 2 £200 (works a bit like Premium Bonds)
Premium Bonds £1k/£700
Stocks & Shares Isa £5k/£1651
SIPP £9200/2000 -
We currently pay over £1400 a month off our non-mortgage debts so that will be a huge amount not to have to find!
A few weeks ago though, I did work out that if we kept paying this amount to our mortgage once we are debt free, we would be mortgage free too in 12 years from now!!!
If only I could realistically expect us to be this frugal for the next 12 years! I think we will have a good balance though, and the figures do go to show just what can be achieved if you put your mind to it!
If we DID become mortgage free in 12 years, we would have £2200 a month that we wouldn't need to find any more!!!!! OMG!!!!!!Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)Life begins at the end of your comfort zone (Neale Donald Walsch)0 -
it would be great not to have to find all the debt payments but have only been coming on this site for a month and have found i have alot more money left and are getting debts down for first time it really helps/works0
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Have read the board for ages now and thought i'd actually post.
i have worked out that when my debt is paid off i'll be 600.00 per month better off how cool.
i've been keeping a spreadsheet and budget book, for years but never belived that the debt would ever be paid off. 4 year ago i took out a loan to combine all debt and........................ finally the loan is paid off in 27th August along with me over draft!!!
I praying somthing wont go wrong with the car or any thing where i need to pay cash!
FINGERS CROSSED!0 -
We will be about £650 a month better off. May pay £50 a month extraonto our mortgage. Put £200-£300 a month into an account for big purchases,so there will be no need to ever get a loan or use a CC again & the rest away for holidays,Xmas,birthdays & treats. Can't wait!Debt at LBM(July 1st 07)-£35,053.92 Debt on 1st Anniversary of LBM(July 1st 08)-£33,170.11 (31st January 09)-£32,318.73Paid off so far £2,735.19(7.8%) Average paid off p.m. £143.95 L/H supporter 115 DFD target February 2018 DFD March 2028. PAD(Started 28/12/08) £253.77 £10 a day Feb £110/£280 WEDDING Paid off £1,585.96 Saved Up £925.400
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