End of September means the end of the 3rd quarter of 2018, which is a good chance to look over our spending.
We had a big bump in income due to a tax return and a small first pay from Mrs FMT’s small business.
Total Income $26,564 July to Sept
After a great second quarter of saving, we ended up spending alot of money on planned house repairs which we had put off for the last 2 years. Mostly necessary repairs, which comes with owning a 1960’s house on the beach.
Total Spend on Home Repairs $14,364 July to Sept
As much as I wish this was money put onto the homeloan, the work is now mostly done with last part of the repairs coming into the 4th quarter spending.
Even with the home repairs we managed to pay down some extra money on the home loan.
Total Extra Payments on Home Loan $5,000 July to Sept
Current Home Loan balance at $-288,000
With the major home repairs costs out of the way for the immediate future, I hope to get back to paying down extra on the loan.
Target for end of 2018 is to pay down the home loan to under $280,000
What are your thoughts? How do you deal with Home Maintenance costs and trying to reach FI?