Wednesday, June 30, 2010

Can We Do It - Update 2

I'm aiming to do a monthly update on our 'can we do it' goals, so here goes:
We bought our home in July 2009, settlement was 13 July, so we're closing in on 12 months. We're aiming to have our mortgage paid off in 7 years from starting out, which would make it July 2016.

Start of mortgage - 13 July 2009
As at today (30 June 2010) - mortgage reduced by $93,233
% of home owned - 47.42%

If we can continue on the track we're on with the mortgage, even allowing for a year or 2 of 1/2 wage for me (hopefully with kiddies), we should meet or beat our 7 year deadline.

Other debt
Our total non mortgage debt includes a car loan (as part of mortgage package, at same interest rate), and a VISA we've since closed.

Start of car loan - 10 May 2010
As at today (30 June 2010) - reduced by $457.97
% of car owned - 3.05%

Start of VISA - 1 Dec 2009
As at today (30 June 2010) - reduced by $3,829
% of VISA paid - 77.8%

Total non mortgage debt (May 2010) - $15,633
As at today (30 June 2010) - reduced by $4,286.97
% of debt paid - 27.42%

My weight covers a few areas, getting healthy & fit, getting my body in the right place to conceive (and fit in a near 'normal' wedding dress!!). I am easily distracted from weightloss, so hoping this blog can keep me on the straight & narrow!! C'mon me, you can do it!!

Weight loss as at 1st March 2010 - 0kg 
Weight as at 30 June 2010 - 6.7kg 
% of goal weight loss achieved - 13.4%

At end of financial year, our business is actually going better than expected, equates to about .6 of Mr Mel's previous wage, which we're happy with after our first year, when Mr Mel only started working on it full time from mid Feb this year. We have some plans and ideas, so looking forward to implementing and/or researching further in the 2010/11 FY.

Till next time,

No comments:

Post a Comment


Related Posts with Thumbnails