Righto, where to begin?
A lot of the personal finance blogs I’ve looked at talk about Net Worth so let’s start there.
Net Worth is basically total assets less total liabilities (debts).
So in my case that’s:
Total Assets: £100,277.32 [*corrected from previous figure]
Total Liabilities: (£25,681.40)
Net Worth: £74,595.92
Anyway, here’s the breakdown:
(a) Estimated figure, statement not due til August 2014
(b) Monthly payment of £147.95, final payment of £3,166.25 in Aug 2015
(c) Statement as at May 13, does not include contributions made Jun 13 – April 14
(d) Statement as at Nov 2013, does not include any contributions made Dec 13 – April 14
Figures will be updated when I have the info.
So my assets (not including property) total £30,327.32, which is 12.13% of my ultimate goal, which isn’t a bad start, I guess.
I shall do quarterly updates to track my progress.