It’s been a while since I last posted, mainly because March was a very busy month and I didn’t prioritise it. Recently I’ve been reading and listening to podcasts with tips on productivity and focus so I’m hoping to use what I’ve learned to spend more time on this blog and get into a more regular posting habit. Now that Spring is here and the mornings and evenings are lighter I’m finding I have a lot more energy too!
Overall, I was able to be relatively frugal in March with total expenditure below my monthly income and a savings rate (including mortgage/debt repayments) at 46%. The only non-monthly expense was for my car service. I went to an independent garage rather than a main dealer and luckily didn’t need any major work so the cost was relatively low at £150.
So on to my net worth update! My assets have increased to £314k and I have liabilities of £174k giving me a net worth of £140k representing a 3.1% increase on my position in February.
My emergency funds are increasing nicely. I have £1,000 in my rental emergency account and £500 in my personal emergency account so I’m now 45% towards achieving that goal. I haven’t completed my other goals of increasing my mortgage and paying off my car loan yet but I still intend to do this before the end of the year.
I’m also progressing with my non-financial goals – I’ve lost 7.5lbs of my 28lb target (27% completed) and I can now play Twinkle Twinkle Little Star on the violin!
How are you progressing with your 2018 goals or have they fallen by the wayside now we’re past the initial rush of New Year motivation? It’s hard to keep going but building good habits (like regularly posting updates on this blog!) help with consistency and willpower.
The Saving Journey 