It is time for me to say goodbye to A Penny Saved. It’s been great writing for this site these last five years. But life is getting extremely crazy for me at work – our church has gone from four full-time pastors down to one (me!) – and my girls are fast approaching their teenage years which makes home life very exciting! All that to say that with all that is going on in my life I need to step back for a season and focus on other things. Thanks for reading! I wish you a very merry Christmas. Take Care.
This year has been a good year for making some progress on paying down our mortgage. I was able to pay an extra $110 a month on the principal, and our credit card cash back goes directly toward the mortgage principal (both with same bank – Wells Fargo) and this year that amount was $225. So in total we reduced the principal by $1,545 – more than 2 extra monthly payments!
As I mentioned in an earlier post we are trying to refinance into a 20 year mortgage (currently have a 30 year mortgage). If successful, and I think we will be, I will continue to pay some extra each month, although not to the extent we have this year. But every little bit helps!