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 –

We make our regular, monthly payment on the first of each month.

We make an additional, principal-only payment on the fifth of each month.

On the fifteenth of each month, if we have managed to earn or save any money, we send and additional, principal-only payments.

Payments are initiated via our online bank, and a notation of “principal-only” is included, when applicable.

This chart doesn’t represent our entire equity;  it represents the amount we still owe on our mortgage.

Thank you for patience between regular posts.  We’ve had an exciting but busy few months.

Thanks for checking out No Credit Needed.  Please subscribe to No Credit Needed via daily email or rss – and follow me via Twitter and Facebook – for future content.  Blessings.

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Day 3: The Shed Must Be Organized!

Several years ago, I purchased a really nice barn-style shed to store my lawn mower and a few tools. Since then, I have added a lean-to to the side of the shed – and now park my mower there. As of right now, the inside of the shed is literally over-flowing with tools, Christmas decorations, and an assortment of other stuff/junk.

Before you think bad of me, allow me a few more details. I was recently gifted with a huge selection of power tools, fasteners, hardware supplies, and other belongs-in-the-shed type items – but I haven’t had the time to organized them. They’re just in the shed, ready to be sorted. That’s this week’s after-work project.

Here’s a picture of the shed from when I first purchased it. It has 2, 4×8 feet lofts, one at the front and one at the back.

shed new

Not only do I have the shed, which I believe measures 12×16, I also have a playhouse that I built for our kids, which measures 8×12, with 8 foot walls. Between those two buildings, I have attached a roof, which forms a covered-space, for bicycles and garden tools.

I’ll show you pictures of this stuff tomorrow, once I’ve managed to tidy things up a bit.  Right now, it’s a disaster.

I am working out the details (mainly in my head) for adding shelves to the inside of the shed and to the inside of the playhouse. My goal is to have an area for long-term storage AND an area with easy access to the tools (and other things) I use on a regular basis.

I am torn between building the shelves – which may be more cost efficient – and biting the bullet and buying some shelving units from the big box store. I have the tools to build the shelves myself, but I don’t really have the time to both build the shelving units AND sort through all of the stuff. I’ll let you know what I decide.

I know that I will be giving away a pretty decent amount of the items I was recently given. One can only use so many hammers, I suppose. Oddly, I don’t actually mind the sorting-and-organizing. I actually find it to be somewhat relaxing. What stresses me out (as much as something this not-really-a-big-deal) can stress me out is, my lack of a real system for organizing all of the stuff. Right now, it’s just in there – taking up space – in a big jumble. I have a dozen flashlights, and I’m not sure I could find ONE, if pressed.

Today, I started the process, by simply going out to the shed and taking a quick inventory. I also did some quick research, pricing out the cost to build some new shelves and the cost of buying new ones. I also began sorting through a few of the easiest-to-reach boxes.

Tomorrow, I’ll make my decision on the shelves, get as many of those installed as is possible, and (hopefully) begin the process of organizing all this stuff. It’s going to take a few days, at a minimum, because this is one of those do-it-right-so-you-don’t-have-to-do-it-again type projects.

Thank you for checking out today’s post. I hope you have a blessed day!

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Deals On Stuff They’ll Love – And Use!

It’s that time of year – time to buy gifts for our friends and family.  I love giving gifts, I love saving money, and I would prefer that the gifts that I give be practical. I’ll skip over some of the more traditional gifts – and focus on things that can be used, year-long. Here are a few of the things I’m purchasing (or have purchased) this year: Click on the individual items for up-to-date pricing!

The Zinus Memory Foam mattresss is awesome.  It is comfortable, holds its shape, and has more than 70% 5-star reviews.  We have one – and will be buying another, for our youngest. (This item is discounted, today!)

The Coleman Quad Chair is perfect for tailgaiting, camping, or just gatherings in the backyard. We have 5 of these and use them all throughout the year. They colapse and can store in the trunk of our car.

I am a fan of Anker’s products – and I really dig this Anker Compact Car Charger. It provides the ability to jump start an automobile, 2 usb charge ports for charging mobile devices, and it has a built-in flashlight. This is perfect for us – and for our teenage daughter, who is now driving.

Last year, a friend of mine started using the Game Golf system for tracking his play. I am impressed by the system, which tracks the clubs used during the round, and helps golfers track their stats. I’m hoping someone buys this for me this year!

I am working to organize my garage – and this Rad Cycle Bike Lift looks like an awesome solution for lifting our bikes up and out of the way.

We have one of the Semoo Beach Shade Tents – and we love it. I really enjoy the beach, and these shade tents make hanging out at the beach much more comfortable.

These are a few of the practical – and I think really cool – gifts that we plan to give this year. This post contains affiliate links. Have a blessed day!

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