Each month I plan to do a financial dashboard check and publish how I’m doing to reach my yearly goals. Currently it should be pretty simple due to my lack of investments.
Here’s the front page from my Beast Budget excel chart.
Breaking it down.
£690-odd in my current account as monthly float. £115k in value of my property. A few £k in jewellery and cars. The life insurance? is as this is currently being renewed.
As for pensions… ah pensions. I pay into the NHS Pension scheme, at a rate of 9.3% with the NHS contributing 14.3%. A healthy 23.3% theoretically. The value given in this is my current lump sum redeemable value. The NHS Pension is complex enough to warrant it’s own blog post as I’ll try to make sense of it.
The majority of this is the mortgage on the property I own. The £2.5k owed to family and £4.3k on credit cards are both 0% interest, borrowed to pay for an upcoming relocation and nuptials. The student loan will gradually be paid down, but I’m in no great rush to clear this as it currently accrues paltry interest.
So that’s the baseline, and the only way is up!
The FIRE Shrink