A round up of our finance journey in 2020

Well, what a strange year it has been. I feel it is only right to do a round up of our finance journey in 2020 so when the time is right I can come back and reflect on what we achieved in a year that has been pretty bumpy!

It was not the year I planned and things have had to be adjusted as we headed into lockdown, home learning and working. However, our year was not a complete write off. I am actually pretty proud of how far we have come this year and I know that with the momentum of this year behind us, 2021 is going to be an even better year!

Here are my highlights on 2020 –

  1. Went from £0 mortgage overpayments to £243 – This is the biggest highlight of the year in our finance journey. We have gone from making no over payments to making a monthly payment of £243. As it stands, this will take almost 10 years off the terms of our mortgage. We didn’t do this straight away, we started small at £30 and then started to increase it as our situation changed thought out the year.
  2. Made more from my second income that before – Back in March, before this all kicked off, I planned to make an addition £2000 this year from my freelance income. I am already at this with 3 months of the year to go!
  3. Being able to make big purchases without finance – This probably sounds really stupid but we are able to buy replacement items for our home as we need them without looking for finance. Obviously big purchases will need us to save for it or look at our options, but we are moving in the right direction.
  4. Our journey in general – There is still a long way to go, but I am proud of our journey so far. I know next year we are going to smash it even more and I can’t wait to get started.

The more I think back through our journey from this year, the prouder I am. We have achieved so much this year, in what has been a year of uncertainty. I have no doubt that by the time I write this next year our finances are going to be in an even better place!

If you have been on a journey this year, I’d love to hear how you got on!