I've been nostalgic for the five years hubby and I spent mortgage free, student loan free and auto loan free. Now we have a mortgage and car loan, and although we pay extra, I just can't stand being in debt. I hate that my money is wasted on interest!
So... The new pre-lay off budget is working out well. I feel much more in control of our cash. I even upped the biweekly transfer to the savings account from $150 to $250. If hubby keeps his job and things go well, I'm confident, I'll be able to up it even more.
On the debt front, I want to speed up pay off of the car loan and the mortgage. The bank won't let me make extra payments through the online system. And, they won't let me pay biweekly. But, I got a courtesy call from the bank-- for "premier" customers. funny-- asking me how I liked my service. Etc. I talked to that guy and he said you can walk into any branch and make an extra payment toward principal to the mortgage. They just have to know that is what the check is for. Eureka! When I have extra cash, I can just go to a branch. That is good to know.
I did pay a chunk to the car loan. I'm so close to getting it under $4,000 that I can taste it! I have at least two more big freelance checks coming as well. Maybe I can make a dent.
I will be debt free again!
June 19th, 2012 at 05:45 pm
June 19th, 2012 at 07:13 pm 1340129638
June 19th, 2012 at 08:02 pm 1340132571
June 19th, 2012 at 09:25 pm 1340137530
June 19th, 2012 at 09:46 pm 1340138794
So, I went to the bank every month in person. I made my regular house payment, plus I paid an extra check on the principle every month. I got it paid off in a little over 2 years.
I took a picture of the house, had it printed on a t shirt and gave it to dh for his birthday. It says," My house and it's paid for" (of course, he won't wear it)
June 19th, 2012 at 09:53 pm 1340139208
June 19th, 2012 at 10:22 pm 1340140947