Today's Focus

Current Goal: Eliminate Mortgage on Rental Property

January 1, 2019: $59,592
May 25, 2020: $49,531
2/14/20 paid $750 towards principal
3/20/20 paid $1000 towards principal
4/17/20 paid $1000 towards principal
5/5/20 paid $2000 towards principal

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Friday, June 18

Miscellaneous Cost Cutting

I've spent the week looking at ways to cut my electric bill and mobile phone charges. Here are a few other things I am doing:
  • I lowered the thermostat on my water heater. Before I had it set on "A", which was lower than "B" or "C". I didn't realize it could go lower and still be effective, but it can. I turned it way down, almost to "pilot". Still getting heated water; it's just not as hot as it was. I might adjust it back when the weather cools. For now, I don't need a steamy shower to get me going in the morning.
  • Early to bed, early to rise. My partner and I are getting up earlier than we used to. When you stay up late in the summer, you use more lights, A/C and entertainment like TVs. Mornings are cooler and the natural sunrise provides lighting.
  • Unplugging even more stuff: cell phone chargers, seldom-used lamps, the paper shredder - everything is unplugged.
Hopefully by minding the pennies the dollars will take care of themselves. I plan to quantify the savings by comparing my year-over-year utility bills.

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