Small Success

Have you paid off your debt? Managed to save for your dream home? Had an awesome investment pan out? Share your personal finance success stories here.

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JerichoHill
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Small Success

Postby JerichoHill » Tue Oct 23, 2007 12:22 pm

Today, I put $1,000 down as our first prepayment on our mortgage for our home. I still need to square alot of financial stuff away, but at least this is going, and now automatic.

This means that we're now almost paying 2 mortgage payments a month. Except that the almost payment is entirely principal
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Patrick
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Postby Patrick » Tue Oct 23, 2007 12:28 pm

Congrats! I wouldn't call it a small success either. An extra $1,000 per month is not something many people can do. Great job!
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Kate
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Postby Kate » Wed Oct 24, 2007 5:45 pm

Great job! That will really add up.

singleguymoney
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Postby singleguymoney » Tue Nov 27, 2007 8:11 pm

I would love to be able to add $1000 onto my mortgage. Maybe once I pay off my car loan and student loan, I will be able to go that.
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consultantjournal
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Postby consultantjournal » Tue Nov 27, 2007 10:25 pm

Congratulations! We did this with our first home and shaved off 10% of the mortgage within 2 years. At our new place, we've been putting the money into renovations, although this should have a similar effect. Now that we're done the renovations, I'm looking forward to paying down the mortgage again.
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kmull
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Postby kmull » Wed Nov 28, 2007 5:18 am

We just put $8xx as our first prepayment this week. We had some extra income (commission) and it fell to the bottom line. We hope to be able to do that regularly!
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fred333
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Postby fred333 » Tue Mar 11, 2008 1:35 pm

Congrats.
Trying to find some debt settlement.


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