Thursday, 31 January 2013

January 2013 in review

The month has gone by quickly for me.  It seems like I’ve written a lot, but what I have actually accomplished?  Hmmm …

I had a look back at my financial New Year’s resolutions, and I think I’m at or close to achieving three of them:
  • Finalise the settlement on my mortgage refinance
  • Try at least one new savings tip a week from my blog
  • Develop my $1 million by 2020 financial plan
The settlement on my mortgage refinance is really, really close.  Everything is approved and ready to go with the new lender, but my (private) bank is trying to drag things out.  The cash back mortgage broker I went with is an absolute gem and has really been driving things along to date.  When it’s all finalised, I should be better off by more than $5,000 after tax per annum for the next three years – or the equivalent of cutting more than eight years off my mortgage term.

I’ve also been attempting to follow some of my own advice:
  • At the end-of-year sales, I spent pretty much nothing, nada, zilch.  In fact, I’ve been so busy with other things, I didn’t even make it into a major shopping centre.
  • For my car servicing, I used a fantastic independent mechanic, which saved me heaps as well on purchasing new tyres.