However, I am getting a little ahead of myself. It's just that the sun is shining, the snow is melting and I can delude myself into thinking that it's warm outside and....there I go again. Somebody, anybody, please keep me on track!
Well I can tell you one thing that's on track and that is DEBT REPAYMENT!! I give you as my first piece of evidence the following colourful chart courtesy of www.spendingdiary.com.
So far this month I have paid off a $70 balance on my Visa card putting it at zero. I upped my mortgage payment to $130 every two weeks from $125 (this is for my house in PEI) and that brought the amortization period down to 20 yrs and 11 months. (In total now I've increased the bi-monthly payment from its original $118 to $130 so that's an extra $24 per month and just that little bit of extra $$ has chopped off 4 years of amortization. Makes ya think doesn't it?) I will continue to increase it when I can. The plan is to pay it in full when I sell my condo and move to PEI in 3 years and 3 1/2 months.
And I've lopped off $1600 (so far) from my line of credit - it now stands at $44,800 and at this rate I will have it fully paid off in 28 months. As having NO DEBT is one of my self-imposed conditions of an early retirement I am HUGELY motivated to keep it going. I may even try for 24 months. One of the trade-offs is less $$ going into savings but I am OK with that - I still have saved $1000+ so far this month for the following: $100 to Christmas/gifts; $550 for long-term TFSA; $120 for EF; $165 for trailer rental fee; $90 for PEI insurance and property tax.
The wait for my daughter's T4 continues...it seems she was supposed to access their website and print it off but since she is on a leave of absence she couldn't access the website so they are mailing it to her instead. We may receive it tomorrow or Friday and then I can get both our taxes done and get our grubby little paws on our refunds!! Yippee!
The stars seem to be in perfect alignment right now.