Monday, April 2, 2012

First Mortgage Payment

Today the first $540 were sucked out of my bank account to pay for this new house. That's a whole lot less painful than the $860 that used to leave every month for my rental house.

I suppose you want to know if I will be making another countdown to pay off my mortgage but no, I won't do it yet. I want to do some other things first like save a large maintenance and emergency fund, do some improvements such as add air conditioning, dual pane windows and maybe even a kitchen and master bath remodel. On the other hand, I don't really know where my parents are going to end up. They might stay with me for a long time or maybe I will move to a different side of town with them and rent out this house. It is all up in the air right now.

Oh, and my other plan is to save my money for building on my property. I have too many plans and not enough money to go around.

6 comments:

Frugal Queen said...

well done you xxxxxxxxxx

Lizzie @ her homeworld said...

Yes, well done indeed, for getting this far.
We could have the target count down thingy and change it as life progresses? I am guessing it is ncie having the family around.

Dave said...

Speaking of rental, how has the tenant renting your other place been doing? Haven't heard any tales of late or missed payments from him/her lately.

Daizy said...

Thanks Frugal Queen! This time last year I never would have dreamed that I would be in a real house for only $540 a month!

Daizy said...

I suppose I could Lizzie although I am not so good at remembering to update the sidebars. There are many things I want to do but I think my parents health is really going to direct my life for the next 10 years. Wow, that seems like a long time.

Daizy said...

Well, Dave, I am letting the management company handle all of that. There have been some late payments but I always get money by the third week so I am happy and I don't have to do anything. I hope the tenant renews the lease or I get another good one. I really like the money!