Thaddeus Kosciuszko Posted December 22, 2013 Share #1 Posted December 22, 2013 For the second time! After paying off the first 'real' mortgage we had to take out a home loan to replace the roof. Working our way to being debt free. Now we're chiseling away at the parent loans. Perhaps in a couple of years... Link to comment Share on other sites More sharing options...
az_cyclist Posted December 22, 2013 Share #2 Posted December 22, 2013 Congrats! Link to comment Share on other sites More sharing options...
Ralphie ★ Posted December 22, 2013 Share #3 Posted December 22, 2013 Aboot a year away for us. So where will the money go? I guess there are always places! Link to comment Share on other sites More sharing options...
petitepedal ★ Posted December 22, 2013 Share #4 Posted December 22, 2013 If you miss making mortgage payments...you can make a couple for me Link to comment Share on other sites More sharing options...
wolfpack Posted December 22, 2013 Share #5 Posted December 22, 2013 Congratulations. I paid my house off earlier this year. I also have my cars paid off. I do have a loan for the BMW 650GS, but will be paying it off in the next 6mo or so. Link to comment Share on other sites More sharing options...
KrAzY Posted December 22, 2013 Share #6 Posted December 22, 2013 Congrats! Link to comment Share on other sites More sharing options...
Square Wheels Posted December 22, 2013 Share #7 Posted December 22, 2013 That's awesome. Ours only have 25 or 26 years left. Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted December 22, 2013 Share #8 Posted December 22, 2013 Great feeling isn't it! We paid off the house earlier this year. Our credit card debt is down to zero. We are paying on a car but the interest rate is only 1.5%. We've always had an escrow account that paid the property taxes and insurance. I have to remember to save about $7K for that each year. Link to comment Share on other sites More sharing options...
Dirtyhip Posted December 22, 2013 Share #9 Posted December 22, 2013 Awesome! The rental house loan is finished. Now, we are looking at having the home we live in paid in about 2-3 years. It does feel great to be down to one small payment per month. Link to comment Share on other sites More sharing options...
Dirtyhip Posted December 22, 2013 Share #10 Posted December 22, 2013 I read stories about people that struggle with card debt, and that behavior seems very unwise. If you can't afford it, then you have to save more to buy it. Pretty simple, right? Financing things like a TV is just not prudent. Link to comment Share on other sites More sharing options...
bikeman564™ Posted December 22, 2013 Share #11 Posted December 22, 2013 That's gotta feel good. Link to comment Share on other sites More sharing options...
Thaddeus Kosciuszko Posted December 23, 2013 Author Share #12 Posted December 23, 2013 Aboot a year away for us. So where will the money go? I guess there are always places! Some will go towards another wedding about a year from now. We're rolling the amount we used to make for car payments and the mortgage payments into a savings account. Interest is next to nothing on the account, but anything 'liquid' doesn't yield much anyway. Once we have enough rolled up in the account we pay the next loan off, then add that loan payment into the monthly savings account deposit and start on the next loan. We're not perfectly disciplined with putting every bit into savings, but we stay on track for the most part. Then probably another wedding the year after next, too. I think then we'll be done with weddings, at least as far as paying for them. Then - finally with all the loans paid off - I think we can start stuffing away serious funds for retirement. Not that I ever expect to retire, or that I expect social security to be there if I do. Link to comment Share on other sites More sharing options...
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