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Archive for January, 2012

If you have...

January 28th, 2012 at 02:14 pm

one of these laying around in your closet



you can cut the clip ends to make a bag clip. I read about this a while back and tried it. They are great to seal chips and cereal bags. Good way to repurpose items at home!





What do you think?

January 25th, 2012 at 01:14 pm

I am constantly rethinking financial strategies hoping to be totally debt free (house and all) by 1/1/18 (6 years from now). Including the house mortgage and two car loans, we have a total of $237K in debt. We are already on our way to paying off our home by applying a total of $30K or more to the principal of the house. We owe 2.5 years on my husband truck loan and mine is only 6 months into a 5 year car loan. My plan is to pay extra on the car loan and pay it off also in 2.5 years (both car on the month and year). Then, I will apply the car and truck payment amounts to the mortgage to shorten the mortgage even more. What do you think?

pumpkin chocolate chip muffins

January 21st, 2012 at 03:05 pm

It snowed for pretty much of the morning here. This is the first winter storm this year. I cleaned and cleaned, did laundry and made these fabulous pumpkin chocolate chip muffins. I tried my newly acquired hand mixer today with this recipe. I got it completely free using Amazon gift cards from Swagbucks. I paid close to $70 for it and I'm very please by its look and performance. I had a very inexpensive hand mixer that I kept burning the motor on it. I bake way too much so I thought this is a great addition to my kitchen gadgets.

Financially speaking we have two big bills due February 1st and that is property taxes on both homes. Those bills will put a damper on my mortgage pay down extravaganza. Nothing I can do about it; New Jersey property taxes are pretty crazy.

So here are pictures of my new gadget and my pumpkin chocolate chip muffins:



Principal update

January 18th, 2012 at 02:38 pm

Hi guys! I just want to give you a little update on our progress so far on paying down our mortgage. Since December 27th, we've paid $4,570.79 extra to the principal. We're down to $206,630.64 from the original loan amount of $243,500. As of today, we are ahead of schedule 21 months. We're a little aggressive now because we may have to slow down quite a bit starting September. DS# 2 will be entering a technical program which is quite expensive and we are definitely covering the cost.

Fingers crossed!

January 7th, 2012 at 06:48 am

I have a plan for this pay period but I'm keeping my fingers crossed because I'm not sure if I'll be able to do it (you know Murphy has a strange way to show up when you least expected).

$1,000.00 to automatic saving
$1,771.00 to March mortgage payment
$ 450.00 to vacation fund
$ 550.00 to extra mortgage principal
$ 395.00 to truck loan
$ 400.00 to car loan =
_____________________________________
$4,566.00

Pay checks= $3,900 + $666.00 ( we have about $900 surplus in the checking account) or maybe less depending how much my husband makes on his overtime check). This plan will have me spread very thin until the end of the month, but I'm going to try my hardest to do it without having to tap into savings. Next month property taxes are due and the downstairs tenant will not be able to pay rent until probably March when he starts working again. He is a good tenant and has been with us for about 11 years; we are willing to this for him. We have a nice stock pile in the freezer and canned goods so food purchase will be limited to dairy, fruits and veggies.

I will definitely let you know if we were able to do it. Meanwhile, may your weekend be frugal and pleasant!

PS. Last night my son won his Wrestling match 3-1 with an opponent outside of my son's weight class, which was advantageous for his opponent and it was Senior night! What a great night for him and a proud moment for us.