13 Aug 2020

Another Mortgage Milestone!!

 

I logged into my bank account this morning to find that our deposit for our cancelled cruise this year had been refunded!  I cancelled the holiday back in March.

 I admit I have been worrying if we would actually get the money back or if they would run out before they got to us, as I have heard of some travel agents going bust in recent months. But fortunately we got back $2,700. Almost all of our deposit.


I immediately transferred it off the mortgage, plus our usual payment and am excited to say our new balance is now in the 70's!!   

$79,645

So we are now past Year 22 on our Amoratisation table and 5.5 years into our mortgage. Its a nice boost to our payoff and makes me feel even more determined to get it paid off asap.

Last night I attend a webinar by our superannuation (retirement funds) company. I knew most of what they talked about but what I did find really helpful was the costed out examples they gave of retirees collecting a part pension along with their super money. It was really reassuring to see the numbers as I do not really want to keep working full time for too long just to try and build a huge retirement fund. Qualifying for a part pension will make quite a difference to retirement and it seems that we will be able to do that. So I feel a bit more confident today that we're doing OK with our plans.

5 comments:

  1. Congratulations! It is such a joy to reach financial targets we set for ourselves.

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    Replies
    1. thanks, I find it really motivating to have those targets to aim for.

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  2. This is so exciting! I am sure the cruise would have been fun!

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