My monthly financial update is late this month because we were away on vacation. We were visiting my sister and BIL on the coast. It was a fantastically relaxing time with good food, drink, fishing, crabbing, drinking, relaxing, reading, swimming, and taking care of a friendly storm battered seagull who couldn't fly due to having his flight feathers somewhat stripped from riding out Isaias, poor thing.
We arrived the night the storm hit and it was gone by the next morning. The rest of the week was perfect weather and we are all refreshed, replenished and ready to tackle work again.
Retirement Savings Update:Having received most of the 2nd quarter statements for our retirement accounts I think we are fairly up to date on the numbers. The new current all-in total of all of our retirement accounts, minus my pension is about $905,700, an increase of about $52,800 from what I reported last month.
Mortgage Pay-Down Update:
With my August mortgage payment I again paid an extra 3 principal payments:
March Balance: $92,429.89 - 3.6 principal payments
April Balance: $90,429.93 - 4 principal payments
May Balance: $88,397.84 - 4 principal payments
June Balance: $86,326.50 - 4 principal payments
Of the amount I am currently paying every month 85% is going to principal and only 15% is going to interest. I'm digging that! If I keep up this average extra payment amount I should now have this paid off by August of 2023. If I throw my bonus and tax refunds at it I can get it paid off sooner, but we have some work to do on the house and I have other savings targets, like a new car/maintenance fund, emergency fund, and insurances sinking fund. And if this COVID situation continues I'm not sure I'll even receive a bonus next year. We shall see.