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An update

July 23rd, 2020 at 02:43 am

I was able to bring down the mortgage principal balance to $158,902.45 this month. I doubt very much that I'll add any more money to the principal this month and August may be a bit too tight. Come September, I am hoping to do more since I'll be working by then.

I finally came up with a bare bones budget ($3670). We have enough savings to cover our bare necessities for at least 12 months and 6 months of mortgage payments for our rental properties. I will continue to add money to our savings in smaller quantity as our priority right now is to pay off our four walls and continue with my retirement contributions.

I also continue to stock up on can goods, toiletries, rice and beans just in case. No directives yet as to how our state will reopen schools in September. Our school district promised that we should know by August 4th. Let's see what happens.

3 Responses to “An update”

  1. Wink Says:

    I think of stocking up on supplies the same way as having a financial emergency fund. It's there if you need it! Our schools decided yesterday to open virtually until January, then they will reassess.

  2. GratefulSaver Says:

    Wink, I just want to be a little more prepared just in case. There is a lot of information out there and I do not know what to believe anymore. If there is a second round of this virus where a lockdown is necessary, I want to be ready. Kudos to your state for doing remote learning through January. I am hoping the same for my district.

  3. rob62521 Says:

    We are like you and have slowly been restocking our supplies. Our cases have started to go up in Illinois and it worries me that we will be shut down again if this continues. Supposedly we are in regions in Illinois, which makes more sense than when we were just doing the whole state because Chicago had such a huge rate of infection.

    I agree, I'm not really sure what to believe as far as the news. So many conflicting stories.

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