Family, Saving Money

Money And Our Summer Vacation

My family and I recently returned from an awesome week at the beach.  The weather was great – not too hot, but warm enough for swimming and hanging out at the beach.  We had a blast. Each year, we visit that same area – but shop around for the best deal on a local condo.  This year, we found an amazing, three-bedroom, three-bathroom condominium, just across the road from the beach. We saved money by picking a non-beachfront unit.  By walking about 100 extra feet, we saved several hundred dollars. Our kids are now old enough to move about the condo complex on their own – so we also saved a little money by being on the fourth floor, rather…

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Emergency Fund, Taxes

What To Do With A Tax Refund

My wife and I filed our taxes this evening.  The process was pretty straightforward and only took a few hours.  We have a small refund heading our way – we plan to use it to help rebuild our long-term cash savings. Over the years, we have used our tax refunds for:- funding our emergency fund, purchasing furniture for our new home, paying off credit card debt, and going on vacation. In a perfect world, we would have our withholding dialed in, and our refund would be very, very small.  As many have stated before, there’s no reason to give the government a “tax free loan”.  The reality is, our income fluctuates each year, and we would rather play it safe…

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Debt Reduction, Mortgage

Paying Off Our Mortgage – Update For February 2017 With Chart

My wife and I are working to pay off our fixed-rate, conventional, fifteen-year mortgage. Our goal is to eliminate our mortgage debt in less than 10 years.  We have been paying off our mortgage for 7 years now – and it’s cool to see more and more of our monthly payment go towards our principal.  I use a simple pie-chart to track our progress – and post our updates here at No Credit Needed. Having a visualization keeps us motivated!  Here’s a chart with details for our current progress –   The percentages above represent the amount of our mortgage we have paid – 42% – and the amount we still owe – 58%. Our process is pretty simple –…

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