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