So at the beginning of the month I decided it’s time to say see-ya to our home mortgage. I gave myself the timeline of a year to completely get rid of just over $90,000 in mortgage. Whilst I still need to dedicate some time to working out exactly how to achieve that I worked out roughly where we need to be each month. Well the numbers are in and in this first month we are a mere $700 outside of where I would prefer be (after paying $300 in interest!). I’m pretty happy with that for a first attempt considering I didn’t decide on this goal until a week into July.
We did well getting $300 for scrap metal this month, I brought in $240 in surveys and $330 in catalogue delivery. So in all an additional $870 – which will help towards $10K additional for the year if we can keep this momentum up.
I also got a great deal on 4kgs of strawberries and 16 small pineapples for $20 from my local fruit shop. The strawberries have all been devoured with the pineapples being the current target. I have intentions to use them in curried sausages, pancakes and fruit salad, with the ability to chop and freeze extras for later cooking/smoothies. We also have avoided needing to pay crazy prices for tomatoes as all the self-sown ones have been ripening at a wonderful pace. I need to plant a bit more lettuce to sustain us, but we’ve also been eating broccoli leaf, garlic leaf and silverbeet reducing our grocery bill somewhat in the veggie department.
There are some big bills heading out way for August as there always is so I need to work out some extra ways to bring in extra funds – namely surveys, scrap metal and selling goods. I’ve just begun listing things for sale over the past few days (I was really slack on that one). I’m currently taking advantage of accruing more flybuys points through an offer that will get me another $30 in points for doing my usual shop over 3 consecutive weeks. That will give me $120 in flybuys for grocery shopping.
FID (frugallyinclineddad) is away for the first 2 weeks of August for work which will mean reduced expenditure for food as his work covers his meals as well. He also will receive additional pay during his working away.
In all I’m still feeling really optimistic towards our goal. Our daily interest will continue to go down ($20 this month compared to last month) which will continue to gradually give us money to put towards the mortgage.