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It is currently Wed Apr 16, 2014 4:39 am




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 Post subject: Re: DINKS on track so far
PostPosted: Sun Mar 11, 2012 2:25 pm 

Joined: Sat Feb 12, 2011 5:47 pm
Posts: 87
Location: Ontario, Canada
The mortgage is dropping nicely even with the travel. Well done!

_________________
Kate


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 Post subject: Re: DINKS on track so far
PostPosted: Fri Dec 07, 2012 10:12 pm 

Joined: Tue Mar 11, 2008 12:19 pm
Posts: 1683
Location: Ottawa, Canada
It's been a while, so here's an update:

Code:
Assets

$ 10,231 Cash savings
$ 141,000 RRSPs (Canadian 401(k)'s)
$  1,900 TFSAs (Canadian Roth IRAs)
$ 14,500 Emergency fund (Target: $12,500)
$  5,500 Car replacement fund
$  4,500 Travel fund
$ 500,000 Home value
$ 80,000 Land banking investment

Liabilities

$ 261,000 Mortgage
$   0 Line of credit
$   0 Credit card debt
$   0 Student loan debt
$   0 Car loan(s)

----------------------
$ 496,631 NET WORTH


We're a little behind schedule, because we've repurposed some of the extra mortgage payments toward general expenses. I won't get into it here, but overall, I believe they were worthwhile expenditures, and I'm comfortable with where we are in the overall plan for paying off the mortgage early.


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 Post subject: Re: DINKS on track so far
PostPosted: Sun Dec 16, 2012 7:03 pm 

Joined: Mon Jul 30, 2012 2:10 pm
Posts: 5
Congrats on the continuous mortgage repayment! Any more news on selling the land?


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 Post subject: Re: DINKS on track so far
PostPosted: Tue Dec 03, 2013 5:22 pm 

Joined: Tue Mar 11, 2008 12:19 pm
Posts: 1683
Location: Ottawa, Canada
I don't mean to let so much time pass between updates to this thread, but I suppose occasional updates are better than no updates at all. :)

We've continued to try and pound away at the mortgage. We're hoping to finally get some money back from the ill-advised land banking investment in 2014. If we break even, I'll be ecstatic. Our emergency fund could use a little more beefing up, but I'm OK with it where it is for now. The travel fund is getting a little out of hand, it might be time to repurpose some of that money toward replacing the car (which is approaching 300,000 km). Steady as she goes, I guess. We're both 38 years old.

Code:
Assets

$5,000 Cash savings
$181,500 RRSPs (Canadian 401(k)'s)
$5,870 TFSAs (Canadian Roth IRAs)
$10,780 Emergency fund
$9,100 Car replacement fund
$10,140 Travel fund
$500,000 Home value
$80,000 Land banking investment

Liabilities

$236,000 Mortgage

----------------------
$566,390 NET WORTH


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