2009: A Year In Review

As stated earlier, I am no longer doing monthly net worth reviews on the blog. This is because I want to notice real changes and trends – and that requires leaving more of a gap between assessments. So, that being said, I shall be comparing quarterly. It seems fitting that the first quarterly comparison will be in the New Year – this isn't because I'm too lazy to do one in December. It's just that, well what’s the point of a quarterly analysis when I can give you full and frank disclosure as to what went on in my finances for 2009?

Big Stuff
I inherited some money in September. I didn't speak about it when I got the money. To be honest, I didn't know how I felt about the situation. I got approximately £5,000 from a distant relative whom I didn't even know liked me. They were being tax efficient and decided to give everyone some money now. I was touched, but it was weird at the same time. I probably see them for about 20 minutes once every year. The "Thank you" phone call was awkward to say the least. I had to phone my mom to get his phone number and ask his wife's name. Sadly, I misheard my mother and called her the wrong thing. Aw, it was cringe-inducing I tell ya, but back to the finances. This generous donation made my net worth goal of £20,000 very attainable. So, I increased it to £30,000 by the end of 2010.

I have cleared my overdraft *pause for celebratory dance*. This last born child does not owe anybody any money. Operation Debt Free is over! Mission accomplished (can you tell I'm giddy about this?) I am still trying to figure out what to do with my newfound £100-odd every month. It's a shame no shoes are calling me.


Expected Stuff
I did not have to employ evasive manoeuvres at any stage of the savings plan. I managed to put away the minimums I said I would and that is largely thanks to direct debits. My car lost 20% of its value, my total assets doubled.


Housekeeping Savings
My regular saver matured, the money was paid to me and I set up a new regular saver for 2010/2011. I funnelled part of the money into my Cash ISA and part into my Stocks and Shares ISA. I also topped up my National Savings & Investments Bonds to a nice round number.

The rest of my money went towards living expenses and taxes. Living alone ensures my money is tied up in all kinds of bills - some of which I would love to do without but can't. For example, I'd like to ditch my BT phoneline, but I want broadband and I my area isn't equipped for cable. I wouldn't mind ditching my Sky TV, but I would pay more for a tvless entertainment package. My annual review shows I am running up my mobile bills and I go to London too much - surprise surprise.

Overall, it was a good year and I weathered setbacks quite well. Now that playtime (debt-elimination) is over, I can get down to the serious business of increasing my net worth.