Yes it is that time again. I haven't made any extra payments for a while but I decided to go ahead and add $502 to the mortgage. Why $502? Well, the total was at $4,501.95 and I wanted to get in to the $3k range so now my total is $3,999.95.
I added up all of the money in my bank account including the paycheck that I will get on Wednesday and I found that I could pay off the mortgage and still have $400 left over. As tempting as that was, I have a credit card balance of -$850 and I always pay that off every month so I didn't think it was time to pay off the mortgage yet. Next month I will have $1,000 more than my mortgage amount. If I don't have any expensive emergencies in the next 5 weeks I think I will go ahead and get rid of the mortgage. It has been hanging around long enough. That will free up $800 a month plus the $636 extra that I usually pay to the mortgage which will then go towards the Home Depot card. If the rental house ever gets rented then things will be even better.
Five weeks to go before I can make this decision. I want to make a paper chain or something to count down the days. It would probably be better if I just forget about it until the time comes. I don't want to get too disappointed if I doesn't work out.