2013 Goals

Jan 02, 2013 Comments Off by

Last year was a successful year. Mr Cannes and I have reached financial independence from our rental income. I reduced several recurring payments including lowering vehicle insurance, house insurance and internet service. My rental properties thrived as they have been for the last 4 years While I added 1 more property to my portfolio. Finally, I bought a modest house that I’m planning to live in for the next 20 years.
2013 has some new challenges for me. They stem mostly from moving into a new house and fine tuning our food expenses.

Mortgage prepayment
- assign $3000/mo of extra lump sum payments to repay mortgage in 5 years
- track expenses to reach this goal

Reduce utility costs
- increase attic insulation to R60
- increase wall insulation if not insulated
- do laundry and dishwasher during low cost times
- take shorter showers, 15 min instead of 30 min
- program programmable thermostat

Track food budget
- shop for groceries with a list, remain at under $400 for 2 adults
- limit money spent on outside food to $1000/yr

Car
- replace $500/mo leased car with reliable low cost car by assigning lease

Miscellaneous
- reduce allowance from $500/mo to $250/mo each

What goals do you have planned for 2013?

Frugality, Goldeneer's Story, Real Estate, Savings

About the author

Clara Cannes, the chief author from Goldeneer is a Canadian that works as a full time employee in the engineering field. Her passion is real estate, entrepreneurship and sustainability. Clara has finally reached financial independence in her late 20's and is on the path to a comfortable retirement by 35.
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