Yes! Another end of year balance has been reached this morning with our mortgage payoff – we have reached the end of Year 6 balance $183946!. Next goal is $180,526.26 - just $500 off the 170′s – can’t wait!
Things are going well here financially. I have most payments automated, so the money comes in and then just goes out to the various accounts. I am over a month ahead on both of loans for our investment/ downsizing house and have a $1000 emergency fund for it in an offset account. Our regular emergency fund took a hit on our last trip to see Dad, so it needs a boost.
We have been working on the insurance claim for the robbery, which I have to say I have found very stressful and at times, just too emotional to deal with. Last night they confirmed the amount that we will be paid. I was shocked to see that it will be enough to buy a good second hand car outright! As much as I’d like to pay it off the mortgage, we have needed the car for quite a while and just been putting it off. I guess it’s a lesson that good can come out of a bad situation. We will park that money in the offset account while find the right car.
I enjoyed this short video about a man who saved his pennies for years towards his mortgage. He took 62000 pennies to the bank to make his last mortgage payment. …. my day will come!