Another extra payment! This is my favorite day of the month. $1,500 extra towards the principle which brings the total to $55,318. Only 3 years and 2 months to go! If I keep up the $1,500 payments it will be paid off a little faster than that. 3 years and 2 months is based on a more conservative $1,200 extra a month. I wanted to leave some room for unexpected expenses (like when the heat drives me crazy and I buy an air conditioner. No. I can make it. 80 degrees inside isn't that bad, right?). Right now I am focused on the mortgage and not on other expensive home improvement projects. I can do this!
4 comments:
Ah, I feel a deja vu attack. It was only 3 years ago that you were counting down the payoff of your rental house's mortgage.
I remember when I paid off my $54,000 mortgage in 1997-98. It was not the slow burn you had but instead a few large chunks leading up to its final payoff of about $6,600 in early 1998.
But, as I am sure you will agree, it is not the journey but the destination!
You can do it!
Yes, Dave, I seem to only be motivated by mortgages. What will I do when this one is gone?
Thanks, Lizzie! One month at time. It would go faster if I quit all my hobbies and watched more tv. hahaha.
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