Luna Tail

Four Month Mortgage Payoff Plan

Filed Under (Chatter) by Cynthia on Dec 31, 2009 11:32 am

Tagged Under : Home

Yup.. I have a plan. I’m tired of the mortgage. Our money situation is way too dang tight now that my husband is not working and he’s going to school. And paying off the mortgage will be a huge help and let us breathe a bit easier in the financial arena of life.

So I’m upping our mortgage payment to $1,500 a month. I’m actually going to pay it every other week at $750, after I get paid. That way I’ll get a burst of positive reinforcement every other week instead of just once a month!

At this rate we should have it paid down enough by April 2010 that we can drain our savings and pay the whole thing off. And then we’ll have to replenish our savings but that shouldn’t take too long.

So April is the goal. It may go as long as May, maybe June… but I’m going to focus on April and hope we get that darn thing paid! Yay for a fully owned house!