Home > Mortgage milestone

Mortgage milestone

February 16th, 2020 at 02:08 am

After my regular mortgage payment (which I always round up so that I pay $400/month and keep my balance to a round number), the balance was $50,100, so when I got my paycheck yesterday, I allocated an extra hundred to the mortgage so that it's now at an even 50k, and should be at 46k by year's end. Total debt is now about 83.5k. They moved our annual bonus and pay raise to start with the last pay in February, so if we do get a bonus, I'll pay the debt down to 80k. 80k was originally my goal for 2019 but a very sick kitty who has cost me over 10k since she was hospitalized last June put my goal achievement a bit behind. In any case, my debt is now lower than it has been in quite some time. And with the stock market run-up, assets are as high as they have ever been as well. Net worth should hit another "round number" goal in March unless there's a set-back.

4 Responses to “Mortgage milestone”

  1. creditcardfree Says:


  2. CB in the City Says:

    Good work! I'm looking forward to the day I can round up my mortgage to that level! My mortgage is about $60K.

  3. Dido Says:

    CB, It turns out that I posted when I broke $60k on March 3, 2018, so it's probably about 2 years to get to 50k for you too, if you round up the payments to pay down $400/month principal--$400/month principal x 25 months means a year and a month to pay down 10k!

  4. rob62521 Says:

    Well done! Keep up the good work!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]