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A little update

September 20th, 2011 at 04:27 pm

So I paid our October mortgage on September 16th just because we had an unexpected windfall of $800 and because honestly I'm addicted to seeing the mortgage principal go down. This month alone, I(we) have paid $1,525.08 and trimmed $20,579.00 from the principal as of today. I don't think I'll meet my super ambitious goal of paying $30K to the principal this year. I am completely okay with it because I know that realisticly it is financially impossible with all of the other obligations we have.

On another note I opened a few ING Direct accounts. One is for my possible trip to Italy in 2013, one for Home Repairs and another one for Savings. I read a post of someone commenting on a CNNMONEY.com article that gave me a great idea. He suggested that people should attempt to save 25% of net pay or .25 of every $1 they make. Psychologically the latter sounds more appealing to me, although I understand that it means the same thing.

I hope you are all having a great week!

1 Responses to “A little update”

  1. Jerry Says:

    Wow, you are really on top of it with that mortgage payment! How nice to have it paid ahead like that so it leads to less worry in the coming month. Sure, nobody has the insurance of getting an $800 windfall every month, but you were really dedicated with it. Nice going! Smile Jerry

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