I’ve been a little quiet the past month, but I have a huge announcement.
OUR MORTGAGE BALANCE IS IN THE TEENS!
We were able to swing $3,139.24 in principal in October, bringing us to a balance of $19,739.44.
We have paid $42,883.67 in 2017 and $57,396.28 since the start of our goal!
At last, I feel like we’re in the last leg of our journey. Not quite on the exit ramp, but scoping out the right lane, getting ready for our departure.
If this is your first time here, thanks so much for joining me, and let me fill you in on exactly what our current goal is and how we are accomplishing it.
Pay off our mortgage in two years or less.
Our monthly budget is constructed using only my income, and the standard monthly mortgage payment comes from it.
100% of my husband’s income, as well as any other money that comes our way, is used as principal payments.
That’s it. There’s no magic formula, guys.
After our mortgage is paid off, we plan to continue living on one income while investing the other until we retire.
[Edit: We did it; we’re 100% debt free! Check out my very last mortgage post here.]
Which we will make sure happens sooner rather than later.
I am more excited about the future than I have ever been.
Check back soon as we finish out this goal and prepare to embark on a new journey of achieving financial independence!