Monday, July 30, 2007

Budget updated

I have updated my budget through to the end of the year to take into account:

(i) the recent sale and purchase of properties (including different rental levels and mortgage payments)

(ii) changes to spending to reflect additional costs associated with my children (which I fear will be the beginnings of a trend)

(iii) changes to my income projections for the rest of the year

(iv) a short holiday at Christmas for the family in Asia instead of further away (at lower cost).

Even after putting aside money for tax I will still have a cash surplus at the end of the year and the surplus will be slightly larger than the previous budget. The question is: what should I do with it?

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