2008 - financial targets

sammiboo

What a good thread

Well my targets are:

1. to pay off my virgin credit card - which i did yesterday :j
2. pay off my egg card - which stands at £2600
3. keep food bills low
4. To start saving again
5. pay off extra on the mortgage where i can

Not a big list but I think i have got over the worste now debt wise so just want to maintain that!

Steameh

My target for this year is to have my MINT credit card paid off by March / April and save up as much as I possibly can and try to get my loan paid off by Summer 2009.

whitevanwoman

Nice one sammiboo, for achieving your first financial target so quickly although I'm gutted that someone else has beaten me to it!

I achieved my target number 6 today by opening an esaver and arranging a £10 month payment to it from my current account. AND I did it through a cashback site and so hopefully, so long as it tracks, I should get £33 cashback, which means I've also achieved my own personal challenge of making an extra £1 per day for the rest of January. Hurrah!

sammiboo

whitevanwoman wrote: »

Nice one sammiboo, for achieving your first financial target so quickly although I'm gutted that someone else has beaten me to it!

I was planning to pay it off next month but I was looking at my accounts online yesterday and it was screaming at me to pay it off - so i just had to

The egg card is my next target

red74

My target is in my sig - who knows what I'll do after April:p

whitevanwoman

2008 financial targets:

1. pay mortgage & bills each month (by the end of each month - no more late payment charges)

2. clear council tax arrears (approx £400, was approx £750 last year)

3. clear debenhams and argos cards (approx £700 total)

4. reclaim bank & credit card charges (awaiting 14th jan...)

5. increase income - earn an average of £1/day additional income (£365 per year)

6. open esaver account - pay in additional income (cashback, co-op divi chq, earnings from crafts/paintings sales, ebay/amazon/preloved sales, website affiliate commission)

7. open ISA, pay £10 month minimum

8. follow up tax credits complaint and claim expenses & compensation

9. keep better control by doing weekly budget updates - sat mornings

10. Quit smoking - save £839.50 (365 days @ £2.30/day) - I haven't really thought this one through properly but I want to make myself a "smoking costs" calender to put on the wall and each day I smoke I lose £2.30 from my £839.50 annual figure.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

A year on...

I've achieved numbers 1, 2, 5, 6 and 9, and half of number 3.
Reasonably good considering the year brought redundancy, illness and bereavement but still alot more to do.

Watch out for new thread "2009 - financial targets".

Swampmonster

Well Done X

ShelleyC_2

I think you did a fab job - good luck with your 2009 targets.

Dithering_Dad

Dithering_Dad wrote: »

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).

My annual update:

1. Paid this down with just £1980.72 remaining on my IO mortgage.
2. Did continue this and I have overtaken this target.
3. Decided to put away 12 months worth of savings due to recession fears - hence the reason I didn't achieve #1.
4. Saved this up and will be paying it next week at some point.

My 2009 financial targets:

1. Pay off the remaining £1980.72 on my Interest Only mortgage.
2. Continue paying into our pensions and increase to £100k.
3. Save up for July's Income Tax demand (£6k).
4. Get our mortgage down below £90k.

whitevanwoman

Thanks to all who contributed to this thread.

My new thread "2009 - financial targets" is here :
http://forums.moneysavingexpert.com/showthread.html?p=17262945#post17262945

I hope you will join me there.