Can We Do It....Yep We Can, suits us on a range of areas. Can we pay off our mortgage in under 7 years? Can I lose weight & get healthy? Can we have kids in the next couple of years? Can we make a go of our hobby turned business? This blog will probably end up a random collection of thoughts & experiences, but amongst the normal day to day questions, they're our main 4!!
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.
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.