Motivation, Noted

Family Pays Off $90,000 Of Debt In Two Years!

The following article is a guest post from Ben at Trees Full of Money. Ben has written a great series on his website sharing the personal details of how his family paid off over $90,000 of debt in less than two years. When I started blogging about personal finance matters over two years ago, I knew I had to share the story of how my wife and I overcame $90,000 of consumer debt in less than two years. After all, the focus of my website was to help people get control of their finances and lead less stressful lives. I had read many great debt free success stories myself and each one kept me motivated until we eventually achieved our…

Continue Reading
Debt Reduction, Mortgage

What Will It Take To Pay Off Our Mortgage Early?

In a few weeks, we will make our first mortgage payment.  Our mortgage is a fixed-rate 15 year mortgage.  Obviously, I’m not a fan of debt – and I’m going to work very, very hard to pay our mortgage off early.  Using a mortgage calculator I calculated the following the scenarios for paying the mortgage off early – 15 years and zero months = mortgage payment + $0 extra per month 12 years and 3 months = mortgage payment + $250 extra per month 9 years and 3 months = mortgage payment + $500 extra per month 7 years and 9 months = mortgage payment + $750 extra per month 6 years and 8 months = mortgage payment + $1000…

Continue Reading
Noted

Quick Reminder And This Week’s Carnivals

I want to thank all of you for visiting No Credit Needed.  Once in a while, I like to encourage folks to subscribe to the site, via RSS or Email.  Once you do, you’ll have the very latest NCN content, delivered directly to your feed reader or email inbox, absolutely FREE.  Also, if you use Twitter, feel free to follow me and then say hello to me @NCN.  Now enough with the self-promotion – on to this week’s financial carnivals: Len Penzo is hosting this week’s Carnival of Personal Finance Simply Forties is hosting this week’s Festival of Frugality Reduce Debt Faster is hosting this week’s Carnival of Debt Reduction

Continue Reading