1. Jo Anne

    Congrats on smashing that debt well before your deadline! Any time you reduce the amount of time it takes to pay something off is awesome!

    I took 6 years to finish a diploma and get my designation (just became official in July yay!!!) which as i took it all through correspondence took much longer than the 2 years to get the diploma if I had gone back to school… again. But I didn’t have to rack up more student loan debts etc to get that diploma and in some cases my work paid for the courses. I now have an extra $170 on my paycheck (this year) with the opportunity to make close to 6 figures once I top out of my current grid. Can’t wait to apply those extra payments to debt/savings and get rid of my mortgage earlier as well.

    Keep up the good work!

  2. Vanessa Carrie

    This is so inspiring! Congratulations!
    Would you ever consider sharing your actual budget? I’m single and own a condo, but blessed with a decent income. Even though we don’t live in the same state, I’m always on the hunt for new budget ideas to help me pay off my mortgage faster, if you’re willing to share.

    Thanks – and again, huge congrats

  3. Congratulations on the milestone, friend. The neat thing with where you are in the amortization schedule is that you’ll continue to accelerate your progress all the way through your mortgage payoff as more and more of your regular payment goes to principle. It’s a neat way to blaze through the finish line.

    Loved this bit, too:

    “I can’t do that exact thing. That much is true.

    I can do hard things. That is also true.”

  4. I’m working on bulking up retirement. I won’t max out my accounts every year like some folks can but I can keep that as an overall goal and get as close as I can (while still living a bit in/enjoying the here and now somewhat).

    I’m also trying to lay down the house though my mortgage is smaller than yours. If I just focused on the mortgage I could probably have it paid off in three to four years. Instead it’ll probably take 6-7 but that’s okay because… Well, it has to be.

    • There’s so much wisdom in this! I think a lot of me figuring out money means looking at our situation and figuring out what will work for us…and what time frame it more or less has to be.

    • Dan

      Way to go on crossing such a big threshold! I’m still torn between saving and reducing my “good” debt… Im saving for 401k, while debating 529 investments for kids vs. being mortgage free… how did you choose to prioritize?

      • I take a huge cop out, and I don’t really prioritize. We do a little of each! 😀

        If you get a 401k match (we don’t have that with 403bs), I would do that first. Then, I’d say it’s personal preference. We put $375 in HP’s 529 each month, and then we work on our Roths for the year. Now that we’ve finished that, we put extra toward our mortgage. I’d like to say it’s a real system…but it’s not. It does seem to be working, though!

  5. Congrats on getting that mortgage under $100K and also your honest feelings behind it with your optimism and the reality. I think it’s part of this journey to overcome tough situations.
    Right now I’m dealing with just finding a home with now our family of four. With factors like location(Bay Area) and how expensive it is, it is really tough to find that diamond in the rough and have it at a decent price. I get notifications from Zillow on newly listed homes and see it start at $750K for just a 2BR/1BA at just under 1K square foot. That’s that going rate around here. We’re just keep on saving and being patient on hopefully a slight dip in the housing market and we could finally snatch a home that fits our needs.

  6. Jocelyn

    Oh my gosh, I can totally relate! My mortgage is down to approx $101,500 and I cannot wait until it drops under the $100,000 mark – it feels like such a big deal. I’m hoping to be all paid off in 6 and a half years and am dreaming of the day when it is all gone.

  7. I’m still so excited for you that the mortgage is below that six figures. How good that must feel!

    Our mortgage continues to be a mountain, and we’ll chip away at it for however long that takes. Our savings goals also continue to be a mountain and we’ll keep piling up our small offerings at the foot of the mountain until it grows enough. My hard thing: practicing patience.

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