~$3,500 Left Until No More 2nd Mortgage!
- by DoggedFI
- posted May 18, 2017
My wife and I have stayed true to our debt payment plan so far! Still on track to have this 2nd mortgage paid off by mid-June (next month!!).
In making such large, continuous, and frequent principal payments, we’ve drastically reduced the interest we’ve paid in 2017 on this sucker. It won’t be as fun come tax time next year as we’ll lose some of the interest deduction.. but I’d much rather have some monthly cash flow freed up! YNAB has been a huge help in keeping me focused and only living on about $450 every biweekly check. Not all of that money gets spent and I try to slowly build up different categories for expected expenses.
What big debts are you laser focused on destroying?