Saying Goodbye

by JD on December 17, 2012

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.

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Paying Down My Mortgage

by JD on December 11, 2012

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!

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Refinancing Again

December 7, 2012

With mortgage rates near record lows again I am looking into refinancing again. Although I had refinanced just over 13 months ago, it looks like I can save some significant money by refinancing again. Running the numbers quickly, I can go from a 30 year mortgage down to a 20 year mortgage and not pay […]

Showing Up

December 4, 2012

Showing up sometimes is the most important thing you can do for your career and your finances. As an example, I was talking with a young lady in her early twenties – she is an assistant manager at a local store. How did she get her position at such a young age and after only […]

Sunday Thought

December 2, 2012

All of us like to get ahead – especially financially. But are we striving to do that in the right way? The Apostle Paul tells us in Philippians chapter two that we should “do nothing out of selfish ambition or vain conceit.” Having ambition is not necessarily wrong, but too often we do things just […]

Free Kindle Books

November 29, 2012

I love my Kindle, as does my wife and her Kindle. Besides saving space in the house and the convenience, I love the free books you can get! I like old books, and many of those older books can be found in the public domain. For example, I love old detective stories, especially those written […]