Well its time for the monthly progress report and I’ve decided this will be the last one. The way I manage our money is changing now as we get closer to retirement & I am ready to focus less on the financial side of life and on tracking every cent. Keeping track of our progress every month has really helped to keep me accountable and to stick with saving and debt payoff even when it felt so slow. What I have learned from tracking everything is that small amounts make a difference and that tracking every cent IS important when you’re paying down debt and trying to turn around your finances. So will continue to track our expenses in YNAB but I won’t be doing monthly finance updates here on the blog anymore as our goal has been reached exceeded.
Mortgage
We are not paying more off the mortgage anymore, instead that money sits in the offset account as our emergency fund/everyday expenses account. A summary of the mortgage payoff since I started this blog is on the Mortgages page.
Monthly Progress:
- current balance: $30,470
- total reduction: $0
- start balance: $62,991
- end balance: $30,470
- total reduction: $32,521
- current balance: $719,588
- up from: $708,860
- total increase: $10,728
- start balance: me: $194,374 DH: $368,364 = $562,738
- end balance: me: $259,119 DH: $460,469 = $719,588
- increase: me: $64,745 DH: $119,243
- total increase: $156,850
