the richest man in atherstone

Being confident that I'm not going to smoke again, I took some time out to plan how I was going to put my saving (up to £250 per month) to good use.

I feel that some of the money should go towards my wealth accumulation plan. Currently I save 10% of my income, which is used as an emergency fund and investment pot. I am going to increase this to 12% of my income, which equates to around £250. This is the maximum amount I can deposit into my Lloyds TSB Monthly Saver account each month, so that fits in nicely with my existing plans.

An additional £57 per month will be added to the £143 I currently save for one-off annual expenses including home insurance, car insurance/tax/servicing and dental bills. I want to start using this fund to pay for holidays, days out and birthday/xmas gifts as well, so the extra cash input should cover those.

The rest of the money (for this year, at least) will be used to reward myself and my family for the the achievement we've made. I couldn't have done it without my family's support, so we're going to spend the remainder of this years savings (around £500) on a holiday.

By the way, it feels fantastic to be a non-smoker!