The balances are now:
mortgage - $165,475
redraw- -$5,962
I also set up salary sacrifice this week, $200 a week. This, combined with employer contributions, will get me close to the $25,000 max I can contribute pre-tax each year to my retirement savings.
Yesterday when I called in at the shop for milk I saw these packs of bananas on sale for 99cents - 19 bananas in total. So its banana bread & muffins on the cooking list!
We've had temperatures here this week in the mid 30's every day. I have a few pot plants that have been doing it tough in the heat and I almost lost my basil plant, but with a bit of TLC its come back nice and strong.
Well my plans for today are some housework and more decluttering in the lounge room. Its almost finished, mainly old games, CDs, papers and ornaments to go through. And the ongoing paper shredding!
2 comments:
I just have to ask, not being an Aussie, what's a "redraw"?
A redraw is like a line of credit against the mortgage, but its a separate loan to the mortgage. So our redraw is $80,000 which we can use for any reason and pay back at the same interest rate as the mortgage. We used it for the deposits on our investment properties and I am looking forward to having it all paid back!
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