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Financial Update

October 23rd, 2011 at 11:02 pm

I meant to do a financial update last week but got too busy.

DH pay came while we were on our holiday, and again they forgot to pay him that 1 week that they missed last month. It's starting to get really annoying. Lucky we are not living paycheck to paycheck. DH had to again chase it up, he doesn't have time to waste with these things, especially he had so much to catch up on last week. Anyway, according to DH they will "look into it" (again!)and might have to do a special payment. I hope so.

I paid an extra $2,500 into the mortgage on the weekend. Just got the AMEX bill (not due til mid next month couple days after next payday) and we actually don't owe much. Only really used the CC in the resort, most of the time we either paid cash or used the Pre-paid Visa that we got as a rebate for our airconditioner last month. We used that for DH's suit and other stuff. I think there's still around $20 left on it.

We might even be able to put more into the mortgage if I wait to pay the AMEX on the last day. And will definitely put more if the "special pay" comes. I am really getting excited to get our mortgage under 150,000 and I'm hoping to get there this year. At the moment we still got over 6,300 to get there. $500 - 600 will come from regular payments in the last two months. So I need to come up with another $5,800 to make it.

Another crazy goal that I have right now it to fully fund the car fund this year. We have almost 12K in it and our ultimate goal for this is 15K. We should be able to get 5K for our current car, so 20K for a new car is more than enough. I probably should explain here that some of this 12K is actually in our mortgage redraw account (it helps lower interest rate pay) and some I bought some shares about 4 years ago. It has made a bit of money due to increase in price and DRIP, but I'm not including that profit as part of the car fund.

First priority at the moment is the mortgage. The car fund will definitely be fully funded by early next year, if not this year.

1 Responses to “Financial Update”

  1. HouseHopeful Says:

    I can't believe they messed up that week again. I hope you get it resolved soon!

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