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February and March Mortgage Payoff Status

March 30, 2013

February and March were uneventful months for our mortgage payoff.  Sadly, we had a big tax expense that deterred us from maximizing our debt payoff ;(  I will be posting about that next week.

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

Mortgage debt visual aid.

January 2013: 2 PIECES REMOVED!

Mortgage debt visual aid.

February 2013: 1 piece removed!!!

Mortgage debt visual aid.

March 2013: NO PIECES REMOVED…MAJOR BUMMER 😦

Mortgage debt visual aid.

We have paid of 73.11% of our mortgage!!!! It looks like we are on track to pay off our place by November of 2013.

Where has my recreation money gone? Each month my husband and I each get $130 to spend or save how we please.  Here is how I spent some of that money:

  • Active Culture: $2.75, Yogurt  (used a coupon)
  • Native Foods Cafe: $7.37, Dessert
  • JC Bean: $3.30, Vanilla Chai tea latte
  • JC Bean: $3.30, Vanilla Chai tea latte  (I visit alot)
  • Rutavegorz: $13.43, lunch
  • JC Bean: $5.75, latte and scone
  • Melting Pot: $20.43, Happy hour fondue
  • Milk: $3.24, ice cream sandwich and mini cupcakes
  • Gingergrass: $13.18, lunch
  • JC Bean: $3.30, Vanilla Chai tea latte
  • JC Bean: $3.30, Vanilla Chai tea latte

Grand total of $79.35 of my recreation money that I solely spent on food….wow ;(

Goals for next month:  Take 2-3 pieces off. Save another $50 of my recreation money (I’m finally up to $200)  I didn’t eat it all this month!

Questions for you:  Any debt that you are paying off or thinking about it?  Already paid off debt? I would love to hear about it!

Thanks for reading!!

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3 Comments leave one →
  1. March 30, 2013 9:41 am

    We need to do something like this! Sounds like a great motivator!

  2. March 30, 2013 7:57 pm

    Hey mate! Your visual board is an inspiration to many and I thought it was great from day 1. You’ve both done so well since the beginning and you know, things happen. We had a rough month last month with the budget and hardly saved anything but this month it’s going to be better (we will see Monday when I post the budget update). You are so far ahead of others your age so pat on the shoulders to each of you. Happy Easter to you both!!

  3. March 30, 2013 10:38 pm

    Wow, 73.11% of your mortgage paid off is amazing!!! I’m at about 14.1% right now (in about 9 months from origination), so just chugging along! My goal is to get past 25.4% by the end of the year and my hope is to get up to 37.0%. I’ll probably end up somewhere in the middle of those two 🙂

    Don’t you just love the Melting Pot??? Chocolate fondue sure is addicting.

    These months where you pay less to the mortgage happen. I “only” threw $1,200 at mine back in October because I had to pay out the deductible on my car insurance. That was super annoying!!

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