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Mortgage Principal and Savings Goal

December 1st, 2017 at 04:26 pm

It was payday yesterday and we were able to pay an extra $300 towards the mortgage principal. This is were we stand as of today:

Extra Payment Savings

Extra Principal Paid: $3,679.52
Interest Saved:$8,097.27
Payments Saved:9
Current Loan Maturity:9/1/2046 (not if I can help it!)

I expanded our "Lofty Savings Goal" another $10K by June 30th (the end of our employer's fiscal year) just because I need to remain focus and not become complacent with our savings. There is a pesky and hefty credit card bill due December 15th that has to be paid in full. We don't carry any credit card debt unless it is at promotional 0% interest rate.

I received a reimbursement from the optometrist in the amount of $45, a prescription reimbursement for the amount of $4.59 and $2 cash. A good mail day indeed.

2 Responses to “Mortgage Principal and Savings Goal”

  1. Amber Says:

    Wow those extra payments pays off. I love it!

  2. rob62521 Says:

    Great job! I think you are smart to expand your savings goal so you keep up the good work.

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