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  • #46
    Originally posted by Randomsaver View Post
    Mortgage Principal : $196K
    Mortgage Principal : $193K

    Thanks MarcJoe, Louis, Eagle for the encouraging words.

    That's my last payment this year. Closing the books.

    I'm not accustomed to having a huge debt so this is foreign to me and it's eating me out.

    As a way to mentally ease pressure, starting next year I'll only focus on a smaller chunk -- $43,000 -- and just forget the rest until this gets knocked off. It may take me 2-2.5 years and that I'm more comfortable with.

    Happy Thanksgiving to y'all!!!
    Kill the debt, before it kills you!

    Comment


    • #47
      Originally posted by Randomsaver View Post
      Mortgage Principal : $193K

      Thanks MarcJoe, Louis, Eagle for the encouraging words.

      That's my last payment this year. Closing the books.

      I'm not accustomed to having a huge debt so this is foreign to me and it's eating me out.

      As a way to mentally ease pressure, starting next year I'll only focus on a smaller chunk -- $43,000 -- and just forget the rest until this gets knocked off. It may take me 2-2.5 years and that I'm more comfortable with.

      Happy Thanksgiving to y'all!!!
      Congrats on your progress so far. How are you tracking your progress? I like to set my debts up on spreadsheets, as scheduled. Then as extra payments are applied, you can see the impact. Your spreadsheet recalculates and you can see how far ahead of schedule you are. If you are not already doing that, I suggest you try it.

      Comment


      • #48
        Happy Thanksgiving to you and family. If I follow correctly, since April you've paid down the principal by $ 11K. That's totally phenomenal for year one of a mortgage! Hope you'll ease up on yourself after all it's a house that we're talking about. You get to live there, it provides shelter and so much more. Are municipal taxes being added along with monthly interest? I wonder if using a mortgage calculator would let you see the wonder of what you've accomplished.

        http://www.bankrate.com/calculators/...alculator.aspx

        Comment


        • #49
          Originally posted by Randomsaver View Post
          Originally posted by Eagle View Post
          Mortgage Principle: $100,111.67

          One more month to go!
          Go for it!
          ...drumroll...

          Beginning balance Dec. 1, 2014... 99,909.33! Reached our goal of getting the mortgage below 100k! Wohoo!
          ~ Eagle

          Comment


          • #50
            Originally posted by Eagle View Post
            ...drumroll...

            Beginning balance Dec. 1, 2014... 99,909.33! Reached our goal of getting the mortgage below 100k! Wohoo!


            Great job Eagle!
            Kill the debt, before it kills you!

            Comment


            • #51
              Just wish to greet y'all a BLESSED, SAFE AND HAPPY NEW YEAR!!!

              Another year of debt payments is done.

              Pat ourselves on the back!!!
              Kill the debt, before it kills you!

              Comment


              • #52
                I'm kicking off 2015 with a psychological tactic : Forget the total debt balance for now and just focus paying on a smaller portion of it.

                So my new debt amount I will be focusing on is . . . . $43,000. I plan to pay this in 2.5 years.

                Focused Debt : $43K
                Kill the debt, before it kills you!

                Comment


                • #53
                  Randomsavor, Wish you a Happy and Successful New Year. What sum was saved in interest in your 2014 focus on mortgage? How many payments does your mortgage calculator indicate was saved? What does $ 43K represent? Is it other, non mortgage debt?

                  Comment


                  • #54
                    Originally posted by snafu View Post
                    Randomsavor, Wish you a Happy and Successful New Year. What sum was saved in interest in your 2014 focus on mortgage? How many payments does your mortgage calculator indicate was saved? What does $ 43K represent? Is it other, non mortgage debt?
                    Same to you snafu!


                    Not sure how to compute but my past 2 months' statements showed a $4 drop in interest charges (from $454 to $450). To me, that means it's $4 that I could swing on to the side of principal reduction.

                    The $43K is just part of the last balance of $193K. The hope is I retain my sanity ( ) by just looking at a smaller figure.

                    Thanks for all your assistance! Hope we have a great year ahead!
                    Kill the debt, before it kills you!

                    Comment


                    • #55
                      Originally posted by Randomsaver View Post
                      I'm kicking off 2015 with a psychological tactic : Forget the total debt balance for now and just focus paying on a smaller portion of it.

                      So my new debt amount I will be focusing on is . . . . $43,000. I plan to pay this in 2.5 years.

                      Focused Debt : $43K

                      Focused Debt : $42K




                      (this means my Mortgage Principal is $192K)
                      Last edited by Randomsaver; 01-01-2015, 12:31 PM.
                      Kill the debt, before it kills you!

                      Comment


                      • #56
                        Mortgage Principle as of January 1st: $99,706.21

                        Happy New Year!
                        ~ Eagle

                        Comment


                        • #57
                          Originally posted by Randomsaver View Post
                          Focused Debt : $42K




                          (this means my Mortgage Principal is $192K)
                          Keep it going! You can do it!
                          ~ Eagle

                          Comment


                          • #58
                            Originally posted by Eagle View Post
                            Mortgage Principle as of January 1st: $99,706.21

                            Happy New Year!

                            Rock on !
                            Kill the debt, before it kills you!

                            Comment


                            • #59
                              Originally posted by Randomsaver View Post
                              Focused Debt : $42K




                              (this means my Mortgage Principal is $192K)
                              Focused Debt : $40K

                              Kill the debt, before it kills you!

                              Comment


                              • #60
                                Originally posted by Eagle View Post
                                Mortgage Principle as of January 1st: $99,706.21

                                Happy New Year!
                                ]Mortgage Principle: $98,795.68
                                ~ Eagle

                                Comment

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