17 Jun 2019

Retirement Savings -Mortgage changes

The last two weeks we've all been sick. DH and I both ended up off work for a week - this latest cold really does knock you about! I'm going back to work today but I certainly don't feel like I'm 100%.

Yesterday I made a change to our retirement funds. They had been in the hostplus Indexed Balanced option and I have now changed them over to the Balanced option. Although the balanced option has higher fees, it is performing better and has a more diversified portfolio. I think that we are headed for difficult times in this country with the re-election of this dreadful government - maybe even a recession? So having a wider range of investments should help to buffer our savings a bit from a downturn.

I have also been reconsidering our extra mortgage payoff progress. Our mortgage is only 4% interest, our retirement savings could be getting 12% (based on last years figures). Financially its a smarter decision to put it in retirement funds than off the mortgage which is already well ahead. What I am thinking of doing is just paying the interest amount as the extra payment each month ( now just over $400) and putting all the extra into retirement savings. So the goals for the year will change a bit as we head into the new financial year.

3 Jun 2019

Monday Motivation!

I woke up this morning determined to get back to some better routines and better time management. I've been a bit sidetracked with this training and realised on the weekend I haven't read a book this year, I haven't sewn anything for months and the walking/exercise has just gone by the wayside.

I've started the day with a weigh-in, a healthy fruit smoothie and catching up on a few blogs. Ilona had a great post on motivation which was just what I needed today: Motivation  - its a good read if you need a bit of a pep talk.

Some goals for June to keep me on track:

  • eat Dr Gregers daily dozen 20 days (minus grains)
  • read 2 1001 books
  • finish two charity quilts and post
  • declutter the bathroom
  • complete website 

1 Jun 2019

May Progress Report

Not a huge amount of progress financially in the last month:


  • $120,872 down from $121,680
  • total reduction $808
Retirement Savings
  • me $129,810
  • DH $305,250
  • Total $435,670
  • total decrease $1,226
My weight is the same, haven't been exercising as much as I'd like. Had some time off work with the flu. 

Work has been quite busy but I've been taking regular small breaks, a few days off every 3-4 weeks and that has really helped. I've been busy working on training for setting up my consulting business so doing webinars in the middle of the night and very early mornings. I'm building my website and have set up a company, got the legal work done and need to open my bank account. Currently talking to my first potential client. I'm enjoying having a new challenge and its keeping my pretty busy.

Well the last coat of paint will go on tomorrow in the front lounge room and my new office so it will be good to have that done. One garden bed is fully cleaned out ready to replant and the other is almost done, three trees chopped down and pathways cleaned up. 

23 May 2019

...doesn't time fly!

I was shocked to realise how long it is since I've posted here. The last six weeks has been quite hectic and it will continue for another few months. So its time for a bit of a catch up.

My plan is to transition from working face to face to working as a consultant online part time after I retire from my job. My manager has really encouraged each of us to be building an income outside of work so we have something in place if we get laid off. So I am doing a US based course (which means I get up in the middle of the night one night a week) to up my quals and get started on setting up my new business. Its going well and I feel confident its going to be successful. Its just going to be a juggling act for a while!

Financially - we've used the redraw for business set up costs, training courses and also for some work around the yard. It's also slowed down our mortgage payoff for a while.

So when I'm not at work I'm studying or building my website or writing content or working on marketing plans. I'm really enjoying it so I feel happier and less stressed about work. I have been taking time off pretty regularly as I am tired, but overall I'm happier.

We've been working on the yard and the painting inside. Each Sunday we spend a few hours working together outside, we've chopped down trees, cleaned out garden beds and I've had another round of decluttering clothes. I feel that we are starting to move into a retirement mindset, we're detaching from workplace issues and enjoying pottering about together. DH working less hours and me taking days off here and there is giving us a feel for whats to come - and it feels good!

So for the next few months I'll still be busy with training and business set up and then I'll have a bit more time for myself and more frequent blogging.

7 May 2019

April Progress Report

April has been a busy month here as I'm doing some training, so not as much extra money to put off the mortgage for a while.

  •  $121,680, down from $123,676
  • Total reduction: $1996
Retirement Savings
  • Mine: $128,336
  • DH:    $306,560
  • Total: $436,896
  • total increase: $8470
I've added green juices to my diet a couple of days a week which I'm enjoying, doing some weights training but need to add a bit more cardio exercise.

Work has quietened down which is nice. But we've been told the redundancy discussions have been postponed yet again, so probably early in 2021. So I am doing some training to take the work I do online and create a side-gig/retirement business. I'm really enjoying it but it will slow down our mortgage payoff for the next 3-4 months. Having something else to focus has been great, I feel far less stressed knowing I'm working towards a new business & semi-retirement.

I've been working on cleaning up outside and weeding garden beds. Inside the painting is progressing slowly. 

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