I can hardly believe that we have been in our house for two years already. Time flies!
We did get a 30 year mortgage, but over the last two years have been able to get down to 22 years! I found this pay off calculator and had some fun plugging in numbers.
Another cool thing is that we are now paying $40 less in interest and more in principle each month. Thankful for the extra help in paying off our mortgage!
Breakdown of Extra Money
- $14.90- selling books
- $3- pattern sales on craftsy
- $75- selling on ebay
- $25.60- selling on etsy
- $15- selling on facebook
Since our update in June, we have been able to pay $619 from our principle. Giving us a total of $6,791 for our year.
I have found some podcasts this month that have been encouraging. If you enjoy podcasts, I encourage you to check them out over at hisandhermoney.com. Debt free stories are encouraging to me!