Debt Reduction, Mortgage

Mortgage Payoff Progress for May 2012 with Chart

Two years and two months ago my wife and I purchased our very first home.  We love our new home – and we are working hard to pay off our mortgage. We have a conventional, fixed-rate 15-year mortgage. Our goal is to pay it off our mortgage in less than ten years. As of May 9, 2012, we have made 26 regular monthly mortgage payments. We have also made several additional principal-only payments. Our mortgage payment is drafted from our primary checking on the first day of each month. Additional principal-only payments are made throughout each month, as we earn additional income and find ways to decrease budgeted-for expenses. Here is our most recent chart – The chart shows two…

Continue Reading
Family

Catching Up

After several weeks of limited posting, I thought it would be nice to catch up with all of you guys.  First off, I hope that you are all doing well!  Here in Georgia, we had a very mild winter – and it already feels like summer.  I think it hit 92 degrees today! My kids and I planted a “garden” this year.  I use the quotes, because we only managed to plant some onions, some strawberries, and some butter beans.  I had plans for much more planting – but then baseball and softball seasons rolled around – the kids were busy with practice – so we just decided to stick with what we had already planted.  I have three kids,…

Continue Reading