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.
Another whoops I’ve been away a while update.
Mr Fim has come back from the FIFO lifestyle so we’ve been readjusting to to that over the past month. We’ve been readjusting our budgets and just getting back to life as a family unit. Further to that, this month I’ve been playing the #Minsgame – a game by the minimalists that aims to encourage decluttering. The initial game is to declutter 1 item on the 1st day of the month, 2 items on the 2nd and so forth. I’ve been taking it to a turbo charged level (beast mode if you will) and aiming to dispose of roughly 30 things a day. This has seen me get to more than 450 items in 7 days and feel like the place is getting lovely and decluttered. This is allowing more play area for Little Mister so we are all benefiting from the changes.
I hope over the next few days to begin to post a few helpful cost cutting posts inspired by talking to a group of people who really struggle on a meagre income. Stay tuned 🙂
Each week I like to look back at the week that was and reflect on whether or not I am still undertaking steps to get me to my financial goals. I am not superhuman and as such I have my fumbles as well as my fortunes and I think it’s important to learn from my mistakes as well as my successes.
- Low expenditure on groceries. At the moment I’m trying to bring my pantry and freezer stores down a tad and as such I’m trying to keep my grocery spend down.
- Bargain Grocery Buys – I bought a whole chicken at $2.80/kg which was nicely below my $4/kg ideal price. I cooked it up as a delicious roast, then stripped the meat for lunches as well as keeping the bones in the freezer to later turn into delicious chicken bone broth. I also managed to buy 2kg of greek yogurt that was reduced by $8.86! (was $13.98 bought for $5.12).
- Surveys – I’ve been persistent in my surveys and have built up a nice buffer of e-gift cards for future grocery shopping.
- A tub of icecream might have slipped into my grocery basket which then might have slipped into my stomach D: I’m trying to break my sugar addiction before I develop any health issues from it so this is one fumble I’m feeling doubly guilty of.
- An even bigger and more painful fumble – I dropped my iPhone off my balcony! I’m on a prepaid plan and the phone was 2.5 years old but I’m not risking putting (another!) $130 down on a new screen which might not actually fix the issue (the screen still worked but froze so I suspect bigger issues relating to being dropped a significant height by a butter fingers might be at play…) As such I’m keenly awaiting the arrival of my new non Apple phone.
How was your week?
Did you have any Fortunes or Fumbles?