I'm paying off early for peace of mind!

cdub

Club Founder
Staff member
Oct 14, 2015
424
472
Mortgage Debt Remaining
$188541
Principal Pre-Paid
$10377
I can't believe I started this site in 2015. I wish I was further along in my paying off journey but I've made a ton of progress. Only $189k left. (when I started it was $262,534.26)

Murphy hit like crazy over the past couple of years (and is still hitting now) BUT! I'm not in a crazy amount of debt. I pay off my credit card every month, have NO debt except for the house, and $20k+ in emergency savings. (Although that's going to take a $4k hit soon 😡 ) But murphy didn't put me into debt so that's good. I just haven't been able to pay off as quickly as I would have liked.

But I'm freelance - I want to pay off my mortgage early for peace of mind. I want to know that if no money is coming in it's ok and I don't need to freak out. I don't need to constantly find gigs - I can take some time off. Thankfully that's sort of the case now (but not really) due to me doing well in my job - BUT it's still stressful. Knowing that I own my home will feel a ton different. My wife getting a job again (she has some good leads) will accelerate the next steps.

Next steps:
  • Rebuild income replacement fund to 3 months of expenses (and slowly build to long term goal of 6 months while doing the following)
  • Restart retirement savings
  • Restart college savings
  • Start paying extra again on mortgage!
 

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