July 15th, 2020 at 02:20 pm
0Home renovations:
Central AC complete installation$10K
This is a welcoming "want". We are attempting to make our lives more enjoyable as we no longer have to sacrifice so much in life.
Front porch deck replacement $5K
We decided to use "trex" decking material. It's more expensive but extremely durable.
This is a "need". We uncovered a badly constructed porch frame and an electrical receptacle just hanging under the decking. :(
This will conclude home renovations for a while. We want to do a few more things but minor in nature.
Total: $15K paid in full using cash
Mortgage Payoff Extravaganza:
We took half of our savings to pay down our mortgage quite a bit. We added smaller sums and we are making tons of progress. We shaved 156 months from the life of the mortgage. Hoping to be mortgagefree at the end of 2024. asdf123
Home renovations:
Central AC complete installation$10K
This is a welcoming "want". We are attempting to make our lives more enjoyable as we no longer have to sacrifice so much in life.
Front porch deck replacement $5K
We decided to use "trex" decking material. It's more expensive but extremely durable.
This is a "need". We uncovered a badly constructed porch frame and an electrical receptacle just hanging under the decking.
This will conclude home renovations for a while. We want to do a few more things but minor in nature.
Total: $15K paid in full using cash
Mortgage Payoff Extravaganza:
We took half of our savings to pay down our mortgage quite a bit. We added smaller sums and we are making tons of progress. We shaved 156 months from the life of the mortgage. Hoping to be mortgagefree at the end of 2024.
Posted in
Mortgage Payoff Extravaganza

2 Comments »
July 3rd, 2020 at 01:15 am
0This month is the beginning of a new financial goal for us; mortgage principal pay down. I've formulated a plan to meet this goal in 5 years, but hopefully in less time.
If we were to pay our mortgage with no extra principal payment, we will pay $192K in interest at the end of the 30 year term. With our 5 year plan, we will pay $56K in interest. Hopefully, we can crush this sucker in less time but funding retirement and taking a one week vacation is a priority as well.
I am definitely inspired to reach this goal before my 55th birthday. asdf123
This month is the beginning of a new financial goal for us; mortgage principal pay down. I've formulated a plan to meet this goal in 5 years, but hopefully in less time.
If we were to pay our mortgage with no extra principal payment, we will pay $192K in interest at the end of the 30 year term. With our 5 year plan, we will pay $56K in interest. Hopefully, we can crush this sucker in less time but funding retirement and taking a one week vacation is a priority as well.
I am definitely inspired to reach this goal before my 55th birthday.
Posted in
Mortgage Payoff Extravaganza

5 Comments »