May was a good month financially. Tracking our spending in YNAB has really helped me identify the money leaks and plan my spending much better. Working from home has also saved us money, even though the cost of groceries has gone up.
Mortgage
- current balance:$90,996
- down from: $95,866
- total reduction: $4,870
This month I have put every extra cent I could find off the mortgage in an effort to get closer my ‘half-way’ goal of $83,999 as soon as possible. I’ve paid the extra mortgage payments first each payday and then budgeted with whats left. I’ve also stopped using the credit card. Even though we paid it off each month it just made it too easy to overspend.
Retirement Savings
- DH:$311,004
- me: $153,925
- total:$464,929
- total increase: $14,617
Our retirement savings are starting to recover as the market goes up. I reached my limit for pre-tax contributions via salary sacrifice this week so I’ve cancelled those for this financial year.
Work
We’re all still working from home for the next month. I’m finding it far less stressful than working in the office even though its starting to get busier. Even though social distancing restrictions are easing here people still have to continue to work from home if they are able to. I’m glad my workplace is going slow on any return to work.
Home
Well my plan to declutter my sewing room last month got swapped for decluttering my wardrobe and bedroom. That is all the work we did on the house last month. I’ve taken some time off next week and I hope to get a bit more done around the house then. Hoping I can convince DH to do some more painting and do some work in the yard before winter really sets in.
Health
Not much exercise as the rain and cold has reduced the days we’ve walked. But I have finally got myself back on to the diet that is best for my health. Its very strict but it addresses so many of my health issues and I can feel the improvement in my sleep, my joints, my gut and on the scales. I was on the diet for several years after some serious health problems and its a relief to eating this way again.
June plans:
Our financial year ends on June 30th so I need to start preparing information for our taxes as I want to submit them early in July.
Patsy over at The Working Pantry has started a working pantry class on facebook so I am looking forward to learning more to improve my pantry.
… and I need to get back to my sewing machine!