Our aim is to get the house paid off in 2009. We have no other debt so everything can be focused on paying extra principal on the house. We owe $82,000 as of December 1 and by paying an extra $5200 each month, we can pay it off in 12 months. Both JMM and I have stopped our 403b savings for this one year in order to accomplish the goal. As long as we are both in good health, are fully employed, and live our usual frugal lives, we can do it. We paid off the mortgage on our previous house and there is just nothing like having no rent and no mortgage!! If we are able to do this, we will have paid this house off in 5 1/2 years. I'm excited about it!!
Thought for the day:
"Wake at dawn with a winged heart and give thanks for another day of loving." - Kahlil Gibran