This may be the year when I stop worrying about becoming financially independent as soon as possible, and accept that the race is long. A marathon rather than a sprint.
Brexit, our course. The lovely Brexit, so consistently reliable to piss me off. That’s fine; constants are what, I like to believe, keep people sane.
Anyhow, here’s where I’m at with my 2017 goals.
Savings rate: 60%
The actual year to date average is 81%.
Savings-wise, this year started out worse than I had hoped, and not just because of my ski holiday; that one was (mostly) in the budget.
I had an ongoing difference of opinion with a neighbour, and we finally came to an agreement on how to resolve it. Sadly this meant me having to contribute towards the cost of fixing an issue, which was brought about entirely by my neighbour’s fuckwitery.
It could not be helped. The problem impacted me more than him, and I’m a rubbish negotiator. I can’t bluff, can’t keep my mouth shut when required, and I always get outmanoeuvred.
Well, to hell with it. At least I didn’t have to take him to court. Pass.
Property wealth: overpay mortgage by £10k
Haven’t overpaid anything so far. Fail.
Pension wealth: use up all available allowance
Didn’t quite manage that either, mainly because of the asshole neighbour (see under “savings rate” above). About £9k of unused carry-forward pension allowance will expire on the 5th of April. Fail.
Financial wealth: Emergency Fund & Freedom Fund
The goal was to top up Emergency Fund in line with any salary increase. Fail.
Continue with regular savings into the S&S ISA. Pass.
Tax: pay no more than £22k of income tax in 2016/17 tax year
A quick back of envelope calculation indicates that I’ll come in just under £22k. Pass. Probably.