We have decided to increase the amount of money that we keep in our emergency fund. One of our goals is to keep an amount equal to six months’ worth of expenses in our emergency fund. The primary purpose for the money in our emergency fund is to replace (or supplement reduced) income. Income designated for mid- and long-term savings…
Author: NCN
Mortgage Payoff Progress For March With Chart
In February of 2010 my wife and I purchased our very first home. We have a conventional 15-year mortgage and our plan is to pay it off in less than 10 years. Our stretch goal is to pay it off in less than 7. As of March 31, 2011, we have made 13 regular mortgage payments – and several additional…
Mortgage Payoff Progress For February With Chart
In February of 2010 my wife and I purchased our very first home. We have a conventional 15-year mortgage and our plan is to pay it off in less than 10 years. Our stretch goal is to pay it off in less than 7. As of February 28, 2011, we have made 12 regular mortgage payments – and several additional…