I’m back with a quick mortgage payoff update. In December, we didn’t hit a huge mark in paying down the mortgage, as my shifts ended mid-month for the little extra I contribute. However, we still made a nice dent in the debt on our way out of 2017. Continue reading…
For the record, our Christmas Cards for 2017 are in the mail and on their way. We finally got around to doing them, which is much better than where we were last year. Continue reading…
This month was a little sketchy for our mortgage pay off plans. I decided to use some of the funds to cover Christmas expenses so that we could still continue to build our emergency fund on schedule. I also was starting to feel on the fence about paying off the mortgage vs. investing. It’s a topic I struggle a lot with.
Another month has gone by already, and we’ve been able to shovel a bit of money to the mortgage once again. This time around, we were able to put a little more toward it since our second sources of income started to be deposited into our account. We haven’t been using our main incomes to put toward the mortgage, as we’re still building our emergency fund.
Chris and I have discussed at length, more so I than him, about how nice it would be to get rid of the mortgage. I’ve written about my desire to pay off our mortgageseveral times, going back and forth on our goals, how we might achieve it, and what other things may stand in the way.
More recently, I believe I came up with a balanced approach to using our side (i.e. second job) incomes to pay down the mortgage (or pay it off hopefully soon!) and keep our main incomes for saving for emergencies, retirement, and other travel goals. This makes me feel a little more comfortable than throwing it all at a non-liquid asset.