I closed my August budget today, even though there is one more day left in August. I jotted down every single penny we spent this month. I calculated what we saved using coupons and discounts and I was able to make another principal payment of $50 today. Total principal reduction to date is $19,153.05. This month's extra principal reduction was $602.67. We are $10,846.95 short of our $30K goal by December 31st. If we are able to pay $30K for the next seven years (not including 2011), we will pay this mortgage off in seven years. I have faith that we will.
August 30th, 2011 at 11:25 am