Thursday, October 7, 2010
October Financial Update
*We have very low monthly bills- we do not pay for cable, we have no car payments, and we do not pay for any child care right now since I am home with my son. We also only have one phone with a very basic package. We did not have $1,000 left over after our bills from just one month, I have not paid very much extra on our mortgage for about the last 3-4 months, so it has been accumulating for several months.
We hope to have our mortgage paid off in 2 years. Last month we had paid off 56.7%. After I paid our mortgage with the extra principle payment, we are at 59.9% paid off.
*Please note that we live in a low cost of living area. Our mortgage was not as high as many individual's to start out with. We have been paying on our house for 6 years this Thanksgiving.
If you are a blogger and have a post about your personal financial goals/ progress, feel free to leave a link in the comment area to that post on your blog. Even if you do not have a blog, feel free to share in the comments area!