In the mail today arrived our 6 monthly statement from our Mortgage holder.
It's made me rather cranky actually because in the last 6 months, we have made $12853.75 in payments... $988.75 every fortnight without fail! In that same 6 months, we have been charged $11959.61 in interest. In total.. we have paid $894.14 off our mortgage... How good does that make you feel!
If we were renting... at $320 a week - which would afford us a nice 4 bed, 2 bath, brick and tile house with a new kitchen, double lockup garage... it would only have cost us $8320. Now.. with that $4533.75 we could have had a two-three week holiday in Thailand, Restored the Terrano to almost new. It would have been money that we could have paid off our credit cards, instead of using them to buy food as we had no other means... (I like the three week holiday in Thailand better than all the options!)
I know that having a home of your own is the dream of all Australians... Not paying off someone else's mortgage is better than paying off your own.. but from where I am sitting at the moment, earning my wonderful $287.50 a week from doing home day care, the extra $190 a week in my pocket would have made our last six months so much easier.
Bring on the Rudd bonus payment, cause that's what we are relying on to get the car on the road, and a new job for me - so that we can start to enjoy life again... actually go out for a meal occasionally instead of me saying "just let me check the budget first...."
1 comment:
Ask your hubby why you bought a house... he has some theory about forced savings apparently. Don't worry, at least the amt is going down, not up. Think about the 'long run' and keep your chin up!
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