#74 Review of 2017

Financially 2017 has to be considered a successful year.

We now live in a house we feel we could comfortably live in for the foreseeable, and have moved from debt repayment to wealth creation.

1. We increased our savings exc pension from £310 to £6,247.51!
2. Total savings inc pension has increased from £14,391 to £28,549.52
3. We've paid off the entire house loan (was £5,653).
4. We've spent less than we've earnt in 10 of the 12 months in 2017
5. We stuck to budget in 2 of the 12 months, and were within £50 on 3 further occasions.
6. Our net worth, which is really a wrap up of all of the above, has increased from £147,900 to £160,800.01

Having said all of that when I look back at my goals for 2017 it doesn't look as rosy. I guess some most of this can be put down to changing priorities throughout the year.

Financial:

1. Pay off the remaining £7,628 of debt.
1. Failed. Still have CC debt remaining.
2. Increase wealth excluding Pension to £3000
1. Completed.
3. Overpay on the mortgage by £600. Equivalent to £50 per month.
1. Failed. Didn't put a penny towards this.

To do:

1. Get a will for the family. 
1. Completed.
2. Complete one item from my bucket list
1. Completed. Played a complete season of Saturday 11-a-side football before I turned 30. 

Physical:

1. Get weight to below 14st
1. Failed. Nearly 15st now.
2. Run 13.1k without stopping (half marathon distance)
1. Failed.

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What do we know is going to happen in 2018...

1. We're going to have our third child. 
2. We're going to need to buy a new 7 seat car
3. I expect to receive a bonus in Q1.
4. HMRC debt needs to be re-paid. So our Savings Exc Pension will drop by £1k but our debt will drop in parallel.

What are the aims for 2018?

Financial

1. Cash savings to reach £3,398 or in other words one months salary
2. Savings exc pension to reach £10k
3. HMRC debt to be re-paid in January
4. Carpet debt to be repaid in 2018
5. Overpay on the mortgage by £600 or equivalent to £50 per month.

Well-being

1. Some sort of physical piece here. To be confirmed shortly.

Other

1. Tick off one item from my bucket list.
2. Some charitable giving.