2008 - financial targets

chocaholic110

Quidco did offer cashback when I opened mine but I think they have stopped now. You could check though. I referred OH to open his and we both got a referral bonus (I think it was £50 at the time). You could look into that if you know someone else with an A+L account.

EDIT: Just checked and the recommend a friend promotion now pays only £25 each, instead of £50. but better than nothing I suppose!

whitevanwoman

thanks chocoholic, i'll have a look round the biggest cashback sites. If I don't find a cashback deal, I'll pm you and you can refer me and get the referral bonus.

chocaholic110

Try Martin's cashback maximiser - it might save you some legwork! Supposedly it updates each day and lets you know the best site for cashback. Good luck!
EDIT: According to that you can get £50 at Quidco or TopCashBack - go for it!

singlemum_4

Hi Im new to this but here goes!

1. Pay all bills on time
2. Reduce my overdraft by £100 pm (£950 O/D)
3. Pay off Argos Card £50 pm (£300)
4. Save so I can pay my ex his share of equity in the house :mad:

chocaholic110

1. Not to incur any further debts while on maternity leave.
2. Celebrate Christmas for free in 2008
3. Begin savings for emergencies, holidays etc

whitevanwoman

thanks again chocoholic (good name!!) & good luck with the baby!!

mattfiona

Great thread! I’m going to make a note of our financial goals and save them as a Word doc so that I can review them at the end of the year!

Our (DH and I) financial goals by the end of 2008 are as follows:

1. Keep up to date with all payments, mortgage, bills, credit cards at all times and incur no more overdraft fees, late charges or any more interest (by making sure we stick to 0% deals etc.) This should be fairly manageable as our debts are fairly well under control but we do very occasionally slip up – no more!

2. Switch our joint current account (our only account) to a higher interest current account, ideally one with an incentive cash bonus for joining!

3. Pay off the credit card.

4. Pay off the other small debt so we are left only with the consolidation loan.

5. Including paying off the above, making the payments on our consolidation loan so that by the end of 2008, we have paid off £6,700 which will represent half of our total current debt.

6. At the very end of 2008, switch the remaining total debt (£6,700) currently in the consolidation loan to a 0% credit card or a lower interest shorter term loan so that we are debt-free by the end of 2009 – hopefully!

7. Be budget-conscious all the way through the year, save money, be frugal, make additional payments where possible, don’t waste money on anything or fritter money away. Make sensible choices when buying, always look for cashback/points etc where possible and never buy anything without looking for better value first.

8. Keeping to a sensible grocery budget and take sandwiches to work – all year, not just for one month and then get lazy!

9. Not acquire any additional debt (apart from if we go to Australia for Christmas, then we might need to put flights on CC!).

10. Save for a debt-free Christmas 2008 with Pigsback/Quidco and the like, plus EBay/Amazon/sensible shopping etc.

wornoutmumoftwo

Mine are to pay off all my debts (about 6K + this years council tax).

Save

Be more economical when shopping in Tesco (second home).

Fill up penny jar without cheating.

gems2381

My target is to pay off my Natwest credit card (when I say my it's actually the ex boyfriends debt, he convinced me to buy stuff like a £500 32" tv and a £600 computer which he still has but is now refusing to pay for :mad:) the 0% runs out in june and the balance is approx £1450.

Not sure quite how i'm going to manage but I will as I hate paying interest!

Dithering_Dad

Here are my financial goals for 2008 - bit different from last year's!

1. Pay off the remaining 9k off my interest only mortgage.
2. Continue to pay £600 per month into mine and Mrs Dither's pension accounts (2x£300), which should hopefully get us to the £90k pension pot mark.
3. Save up 6 month's worth of our monthly outgoings (£20,460) - already have 12k so only £8460 to go.
4. Save up for next year's income tax demand (approx 14k).

If there is any cash left after that little lot, I'll start making in-roads into the home extension mortgage loan (currently about 47k).