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October Mortgage Payoff Status

October 11, 2012

My husband and I have decided to change the terms of when we remove the pieces from our visual aid.  In order to keep our mortgage payoff fun and fresh we have decided that it can’t be in the same week that we get paid (we both get paid on the same week) and it can’t be the same week of the budget meeting. With out latest extra principal payment towards our mortgage we have saved approximately $2300 in interest! Sweet!

If you are new to this blog, this is our visual aid for our mortgage payoff.  Every black piece represents a sum of money towards our debt. We take a piece off every time we reach the dollar value of a black piece.

In the beginning: June of 2011

Debt Visual aid tool

September 2012:

Mortgage debt visual aid tool

October 2012, we were able to take off 2 pieces!!!!!

Mortgage debt visual aid tool

What were our struggles last month?

*Saving up for more dental bills.
*Paying for my half marathon, and setting aside money for a new pair of running shoes (so expensive, anyone have suggestions where I can buy a reasonable pair?).
*Barely having enough money in groceries at the end of the month!  It was down to the dollar!

Finally….WE ARE OFFICIALLY HALFWAY DONE PAYING OFF OUR MORTGAGE!!!!! Hopefully by September of 2013 we will be finished paying off our condo!!!

Thanks for reading! Have a great Wednesday!

16 Comments leave one →
  1. October 11, 2012 11:19 am

    Reblogged this on time2sh1ne.

  2. Tricia permalink
    October 11, 2012 11:24 am

    I ordered a pair of running shoes for my son off of 6pm–a very good deal.

  3. October 11, 2012 12:39 pm

    Good for the both of you!! Running shoes, a good pair will always cost but they are so worth it. It will make your half marathon go alot smoother but it really all depends on how much you are willing to invest in them. Keep up the good work.. you are both an inspiration to many. Cheers Mr.CBB

  4. steggy81 permalink
    October 11, 2012 1:15 pm

    Congrast on another payoff! What a great feeling it will be to soon be mortgage free.

    I’d try for shoes. I started buying a lot of stuff on their site. It’s hard to pass up free shipping and returns. It’s kind of annoying, but you have to lurk on sites like that until a sale comes up.

    Have a good day!

    • nursefrugal permalink*
      October 14, 2012 12:06 pm

      Will check them out! Thanks 😉

  5. permalink
    October 11, 2012 6:51 pm

    I can’t believe you guys are moving with that much acceleration! Nice work on paying it off so quickly!

    • nursefrugal permalink*
      October 14, 2012 12:05 pm

      Thank you MyMoneyDesign!!!!

  6. October 11, 2012 7:11 pm

    efootwear is usually the best for mizunos and asics! also, i like kelly’s running and sometimes runningwarehouse…when i see shoes for $100, you should be paying $60.

    • nursefrugal permalink*
      October 14, 2012 12:05 pm

      I’m so excited to check this out 😉 Thank you!!!

  7. October 12, 2012 2:51 am

    So stinking jealous!! Way to go!

  8. October 12, 2012 6:14 pm

    Our grocery budget was rough this past month, too. You guys are rocking the payoff, even if it is getting deterred by dental bills (which are very important, unavoidable, and difficult to anticipate.)

  9. October 12, 2012 7:30 pm

    Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say wonderful blog!

  10. October 13, 2012 12:28 am

    WOO at halfway through!!! What are you going to do once you’re done paying off your condo? 🙂

    • nursefrugal permalink*
      October 14, 2012 11:55 am

      That is an excellent question Leigh…..I don’t really know the answer yet. It’s such a hard decision. All I know is that I don’t ever want to work quite this much again in my life…..and that it would be nice to continue saving for retirement, maybe another property and for some junior nurse frugals.

  11. October 17, 2012 11:58 am

    I found your blog through one of your comments on MMM’s blog. Great for you for being so close to paying off your mortgage!

    One tip for running shoes is to get fitted for a pair that fits you well (large expense) and then keep buying that version even when the new version comes out the next year. You can typically still buy the older version online for a few years at a fraction of the price of their original cost when they were the cool new shoe, but as long as your feet haven’t changed the shoe style will still work. You won’t get to try new designs and you might get sick of the same old style, but it is so much cheaper than buying the latest design!

    The only problem with this plan is that after a few years it gets hard to find the older shoes online in a specific size, but once the shoes are a few years out of date you can extend the life of this plan by buying an extra pair or two. The end result is expensive shoes every 3 or so years, and cheap shoes in the meantime.

    • November 16, 2012 9:25 pm

      I like that plan!!! Definitely need to try it out 😉 Have you ever ran a half marathon or full marathon?

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