Monday, 22 June 2015

Mortgage Milestone

The other day I logged into our mortgage account to add the balance on our networth statement and the amount was missing a digit. We have official moved into a five-digit mortgage balance!! How cool :D With all the shit that has been happening lately, it's nice to have a win.

Although our mortgage balance wasn’t that large to beginning with, it’s still a nice number to hit. Being under $100k makes it seem more possible to pay it off more quickly. Little extra payment here, tax refund there, bonus at work or overtime payout… I’ve been thinking about this a lot lately.

Yes, we are still extremely focus on paying off our car loan and we tend to be one-big-goal-at-a-time kind of people (besides our retirement which is completely on autopilot) but we are currently on track to pay off the car by September soooooo I think I’m going to make it a mini goal to pay at least $1000 extra on the mortgage by the end of this year. That’s 4 months of payment (amount actually going to principle) we would be eliminating. It’s a small amount but it’s a start, and more importantly, our mortgage allows extra principle only payments – so no money would be harmed in this paying of this bill ;)

- M

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