Category Archives: mortgage

Another mortgage milestone … & job changes

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I’ve just transferred extra money off the mortgage for this month and that has taken us to a new milestone – the end of Year 13 on the mortgage amoratisation table. 

Our new mortgage balance is now $144,285.


and in other news…

DH has been called to a meeting today to discuss his job. There are two possible outcomes – 1 is that he is made part-time, we had been advised they were considering this earlier in the year and 2 is that he gets laid off – two people have lost their jobs last week.

Without going in to all the details I’ll just say that there has been a deliberate downgrading of his position in order to say it is no needed. His job has effectively been changed from management to clerical and its been a very frustrating few years watching this happen. Prior to this ‘management’ he really enjoyed his work and colleagues. They’ve gradually got rid of almost all the senior staff that used to work there with the same process so its not a very happy or rewarding workplace anymore. It’s the same as what is happening in my workplace – slash and burn and get rid of all the more experienced staff.

Anyway,  it certainly puts a bloody great spanner in my five year retirement plan whichever way it goes. But at least by the end of the day we’ll know exactly what our new financial situation will be so we can make some changes. It might just be that DH becomes ‘semi-retired’ overnight -then I can put him to work around the house!




Killed the credit card

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The credit card is now fully paid off. I ended up just paying it out from the redraw to get rid of it. Although it puts the redraw balance up a bit, I’m just glad to have it paid off. Now I just need to not use it except for travel or emergencies.

The mortgage interest was $487 this month – its finally under $500. This morning I’ve made an extra payment of $1500 which takes the mortgage balance down to $145,367.

I have my tax almost ready to go to the accountant but yesterday in the mail I got a GST form sent about my SMSF. This makes no sense at all as my super fund is being wound up and there is no GST on savings – its very confusing, so I have to try and chase that up today and work out what is going on.

 In the meantime its really cold here at the moment. minus 3 degrees C overnight most of this week and its only going to get colder. When I retire I think I’ll join the grey nomads on the annual pilgramage to chase the sunshine!

Hit Another Mortgage Milestone & work stress

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Our payments have gone through for the week and I’ve been able to transfer a nice big payment on to the mortgage. 

The new balance is $149,799 which takes us under the end of Year 12 balance on the amoratisation table.

I’m hoping to hit Year 13 balance fast with extra income from last month.

I needed a boost today and seeing that balance going down really helps. Work has been incredibly stressful this week – honestly if I could have quit on the spot yesterday I would have. I am just swamped at the moment and no let up in sight at all. When I got to work yesterday I actually rang and cancelled most of my clients so I could try and catch up. By the end of the day I was even further behind as new clients just keep coming. I’m just done with it. I spent last night thinking about leaving and going back to working for myself, but the reality is that financially I am better where I am if I can just stick it out.

At least I have our holiday to look forward to. The second half of the year should be a bit better I am hoping.

1660 days to go!