Another year, another failed relationship.
Thank the gods I’m better at managing my finances than I am at managing my personal life, otherwise it would be a complete effing disaster.
Savings rate: 60%
The actual year to date average is 69%. Pass.
Property wealth: overpay mortgage by £20k
Only managed £5k so far. It’ll take a minor miracle to get to £20k by the end of the year.
Pension wealth: use up all available allowance
I’ve used up all allowance for the 2017/18 tax year. Next year shouldn’t be a problem, if anything, I’ll just clear out my emergency fund again.
Financial wealth: Emergency Fund & Freedom Fund
The Emergency Fund is coming along nicely, for a change, and should be full by the end of the year.
Continue with regular savings into the S&S ISA. Pass.
Tax: pay no more than £25k of income tax in 2017/18 tax year
Nope. Not a chance.
I know I’ll owe the Tax Man money come January, so I haven’t even started filling in the SA tax return. I have a rough idea what I’ll owe, am planning on having the cash to pay it 😉 , but that’s about it for the time being.