Friday, August 8, 2008

Mortgage Progress For August

My extra payment posted today. My new mortgage total is $58,881. I'm in to the 50's, yea! I paid $1,800 extra. That is an amazing amount for me. $1300 was from my budget. I have been pretty good at not spending money lately. The other $500 came from stuff I sold on Craiglist and Ebay. I need to get started on my next batch of sale items. I'm still putting it off because of the shipping chore. I never did sell the extra items to make up the entire $500 so I used my renter's $50 late fee to make up the difference. That's kind of cheating I think.

According to my aggressive payment plan, I have 2 years and one month left on my mortgage. That's if everything goes as planned. If it doesn't then I might be 3 years before I am finished. I'm flexible. I'd rather it be sooner rather than later though. The sooner I get it paid off the less risk there is that something will happen to delay my plan such as medical expenses or a major house or car repair.

I'm 8 months in to my mortgage plan and I'm still motivated. So far it's been relatively easy to stick to my plan. I hope I can do it for 2-3 more years.

3 comments:

Anonymous said...

You can do it! YOU CAN, YOU CAN!!!!. You have just done an amazing job!

Lizzie said...

Well done Daizy!
Now get back at that eBaying!!!

Daizy said...

Thank you my cheerleaders! It is very nice to get encouragement.