***DISCLAIMER – I am not a Financial Planner or money expert, so please always seek professional advice when making financial decisions. I share what we are doing just as a way of letting people know, that achieving your goal of full-time travel is possible***
I wrote a post back in April, 2016 about how we are planning for our future. Today I thought I would give you an update on our travel plans. Every time I go onto Facebook, I see more and more people asking if it is possible to travel Australia full-time. We think it is and that is what we are currently working towards.
In hindsight, (it’s such a wonderful thing) we should have done this when our kids were little but we didn’t. But we certainly aren’t going to wait until we are 65 and retired to do it either.
At the moment, it seems like all we talk about is when we are going and how we are going to do it.
So here is where we are currently up to –
Not much has happened in the renovation department this last year. But we are just starting to get things happening again now. We have just this week installed new ceiling fans and down-lights to give the house a more modern look. New carpet and timber floors will go down in about March. We have good equity in this house now. We purchased it for $380,000 in 2011 as an investment property. It was valued at $400,000 in mid 2015. We just had it valued at the start of this month and it came in at $475,000. This has enabled us to borrow a little extra so as we can finish the renovations. This should increase it’s value even more.
In 2013 we bought our Mazda BT50. We have always made sure that we paid extra on it so as we could get it paid off as quickly as possible. We are on target to have it paid off completely by April 2018. It has done just over 70,000 klm’s and we are still very happy with it. We have only had a couple of minor things repaired on it, along with it’s scheduled services. We have discussed a couple of times updating it, but it is basically set up how we want it now and would cost us extra to start over. So for now it will be staying.
THE CAMPER TRAILER
We thought a lot about selling our camper trailer last year. Sadly, it hasn’t been out of the shed since October 2015. But we are determined to use it this year and we already have a couple of trips planned. We will now keep it until the time to upgrade to a van arrives.
We continue to research and window shop for a caravan that will suit our needs. As it will be our home for an extended period of time – maybe five to ten years – we are determined to buy the right one for us. If that means spending a little extra money then so be it. We have ruled out a couple already as not being what we want and will continue looking this year.
Miss Oz finished Year 12 at the end of last year (2016) and is going to Uni here on the Gold Coast. Ben goes into Year 12 this year. Given that when the kids started school here, there was no prep (kindergarten) Ben will only turn 17 two weeks before he graduates so he thinks he will have a gap year in 2018. Then he hopes to go to Uni here as well. At this stage, the kids will continue to live in our house whilst they complete their studies. They will probably get a third person in to share the rent, but the rent they will pay to us will still be less than if they were renting privately.
We still aren’t making much headway in this department. This year I am going to try my very best to put my wage away each week. So far I have successfully done this for the first three weeks. Not long I know but it’s a start. I also want to get some more freelance writing work both to gain more experience and also to make a little extra money.