Friday, July 23, 2010

Can We Do It - Update 3

The third of my monthly updates on our 'Can We Do It' goals/challenges:
We bought our home in July 2009, settlement was 13 July 2009, so we're just passed our 1st year anniversary :)  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 (23 July 2010) - mortgage reduced by $110,103
% of home owned - 52.38%

We locked away our redraw so we can't redraw it, and had our minimum recalculated, so we'll be paying more off the principal each week. 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 (23 Jule 2010) - reduced by $580.62
% of car owned - 3.52%

Start of VISA - 1 Dec 2009
As at today (23 July 2010) - reduced by $3,961
% of VISA paid - 80.50%

Total non mortgage debt (May 2010) - $15,633
As at today (23 July 2010) - reduced by $4,541.62
% of debt paid - 29.05%

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!!  We've been talking wedding options over the past few weeks (even though Mr Mel hasn't proposed yet!!!! don't get me started!), so have to keep on keeping on!!

Weight loss as at 1st March 2010 - 0kg 
Weight as at 23 July 2010 - 8.6kg 
% of goal weight loss achieved - 15%

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.

Mr Mel has picked up a bit of extra work, he's very happy, and quite busy, the .6 of previous wage is creeping up :)

Till next time,

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