Skip to main content

My 2014 Financial Plans

Each year I assign a word for the forthcoming year last years word was Joy and you can read more about it over on the Mad House and this years word Nurture.

However I thought it was high time I set an annual plan, in addition to my seasonal manifesto's



So for 2014 my financial word of the year is Prudence

prudence
ˈpruːd(ə)ns/
noun
  1. 1.
    the quality of being prudent; cautiousness.
    "we need to exercise prudence in such important matters"
    synonyms:wisdom, judgement, good judgement, judiciousness, sagacity,shrewdness, advisability, common sense, sense
    "foresters argue about the prudence of drastic thinning"
    caution, cautiousness, care, carefulness, canniness, chariness,wariness, circumspection;
    far-sightedness, foresight, forethought;
    discretion
    "an elder counselled prudence"
    thrift, thriftiness, providence, good management, careful budgeting,economy, canniness, frugality, abstemiousness;
    forehandedness;
    raresparingness
    "thanks to his father's prudence, a fortune was made"

We have been in our home for nearly eight years and we really need to make some updates to it.  We need a new stair and hall carpet.  New bedroom furniture is needed for the boys as we bought the cheapest we could find when we moved in.

We also have some debt that we need to pay off before moving forward with this work.

So I plan to:



  • Declutter and continue to sell things we no longer need or want.
  • To only buy things we need.  
  • To think twice about whether we need something.
  • To continue meal planning and reducing food waste
  • Look for new ways to bring additional income into the house.
  • To use up what we already have.  I will not stockpile.  Specifically I will not buy anymore fabric until I use up my stash or sell it.


Comments

  1. Great minds in deed we should keep an eye on each other!!

    ReplyDelete
  2. Me too! I really want to try and get rid of my overdraft this year and aim to be as frugal as possible. Sam

    ReplyDelete
  3. An excellent plan, one I really need to apply to our lives too!

    ReplyDelete
  4. While we were disappointed by what we considered shallow advice, others who have no experience or interest in detailed financial analysis may find his more topical approach more approachable. www.settlemoon.com/

    ReplyDelete

Post a Comment

I love comments and will try to respond to all

Popular posts from this blog

Win a XXL'MAN SIZE' Faux Leather Bean Bag for Fathers Day

I have a fab competition for you to win a  Man Sized Bean Bag just in time for Fathers Day from Bean Bag Bazaar , which is worth £69.99. We are big fans of bean bags as they make perfect additional seating and can be popped in the garage when not in use and we are looking forward to reviewing one in Maxi's new bedroom . a Rafflecopter giveaway

Dumping the tumble dryer and Ecoforce giveaway

We have a tumble dryer, but it broke before christmas and we  couldn't afford to get it repaired, so I have been managing with an old fashioned wooden clothes rail and hanging bedding over the doors to dry, This last would of weeks however, I have been hanging the washing outside and it has been drying much quicker and with less creases, so I am going to take the plunge and instead of getting the dryer replaced I am going to give it away. Ecoforce heard me on twitter bemoaning the fact that I was chasing laundry round the garden as my pegs were not working and very kindly sent me some of their Ecoforce pegs to try and they have been fab. So in conjunction with Ecoforce I have a year's supply of green cleaning and washing up wonder products worth £50 comprising the following: EcoForce Peg Basket x 1 EcoForce Clothes Line x1 EcoForce Pegs x 2 packs Several of each of: EcoForce sponges, scourer...

Win a £60 Amazon Voucher with Barclaycard Freedom Rewards and A Thrifty Mum

Barclaycard Freedom Reward Card asked me to take their  60 second survey to see what shopping tribe I was part off .   Barclaycard and Brunel University have collaborated to research the modern way in which we shop and how UK shoppers can now be defined into four new shopping tribes.  I am a Bargain Hunter Gatherer: You're an expert at collecting the best tools, voucher codes and loyalty cards to make your budget go as far as possible, week in, week out. While the kids are doing their homework, you're doing yours - grabbing the best savings for your family. Key facts about you: You're most likely to be female, married or living with your partner and living in the north of the UK. You lot are busy. Two thirds of you cleverly juggle your home, work and financial life. You're not easily tempted by big discounts, only 35% of you have ever bought a non-essential item you didn't need because of a special offer. Home really is where the heart is - 42% of you...