Wait. . . Before you think I'm just soliciting you for money, read the post!!!
My husband and I became debt free a year or so ago. We refinanced our home to a ridiculously low interest rate. Our payments (now including property taxes and homeowners insurance)is half of what it used to be. I realize this might not be a solution for everyone, but it's worked for us.
We have managed to stay out of debt, have a small savings, etc. Now I want to begin attacking our mortgage payment.
Hubby is not so sure, he thinks having more savings might be a better idea. Now I know that as a conservative Christian wife, I must submit to my husband's will,
BUT . . .
We came up with a compromise. He agreed that as long as we have it, I can pay an additional $100/month on our principal. Also, any money that I can bring in from rebate checks, yard sales, selling items on ebay or Craig's list, survey companies, etc. . . I can put onto the principal amount.
So, hopefully soon, I'm going to do a post about how I make money online and if you haven't signed up for some of them, and if you use my referral, (which I know you all will, please, please, please!) Then I will be able to pay our mortgage (without being a mooch).
So, here's the numbers. We currently owe $53,542.10. I was able to apply $305.00 extra to principal this month so, that alone will take it down to $53,237.10 (plus the hundred and something from our actual payment).
What do you say, will you help me? What has worked for your family?