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I think I can.................

March 24th, 2014 at 04:16 pm

After much deliberation and calculatory fun, I think I can add $50.00 per month to my mortgage principal. I know it doesn't sound like much, but rest assured, every little bit helps and this is really about all I can earmark for this endeavor at this time. I'll keep you all posted!

Posted in Mortgage Payoff Challenge | 2 Comments »

2 Responses to “I think I can.................”

  1. snafu Says:
    March 24th, 2014 at 04:35 pm 1395678925
    1395678925

    $50. directly to principal over and above your required monthly payment is $ 600. extra and will impact more than you believe in reducing the amount of interest you will pay over the length of the mortgage. Remember you are also starting to work on an Emergency Fund by contributing loose change. Have you found a large jar/container to use? Get started!

  2. Mooshocker Says:
    March 24th, 2014 at 07:08 pm 1395688136
    1395688136

    LOLOLOLOL....thanks for the support! Yes, I have a nice container already on my desk, waiting with baited breath for the occassional kerplunk of money! Can't wait to make these extra payments! Each time is that much more equity and that much less interest owed!

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