Wednesday, June 11, 2008

Another Month Closer To Financial Freedom

My extra mortgage payment was deposited today bringing my total to $63,215 left until mortgage freedom. I was able to scrape an extra $100 from my budget so my extra payment was $1,300 this month. I hope with carpooling I will be able to keep that extra $100 payment each month but I've been very fortunate that no major bills have come in lately. I can't expect that to last forever.

Only 2 months before it drops in the 50's. That's exciting (at least to me). I need little goals to keep me motivated. I seriously doubt that the housing market is going to pick up any time soon, especially since it is still falling. That means there's no hope of selling it to get out of the mortgage. I'll just have to stick with my plan A, and B, and C. I have a plan for every situation. I have been so busy at work this week that I haven't even looked at my spreadsheets. That's good...the time is going by quickly.

2 comments:

Rachel @ Master Your Card said...

That is fantastic. I break my mortgae payment goals into smaller chunks as dealing with 100k is very daunting but taking it in 10k chunks makes it slightly easier for me. I am also hoping that it will disappear more quickly as time goes on.

Daizy said...

It's nice to know someone else is working on their mortgage too. You're right, 100k is overwhelming, that's what I started with. Soon it will be cut in half. Every little bit helps.