So, it turns out January has been busy! Or I keep forgetting to blog. One or the other, you decide...
The important news of the month: We paid off yet another DEBT! Woohoo! Which means, if you're playing along at home, we've paid off 3 loans in the last 3 months. We just bowled a turkey!
I wish I could adequately describe how good it feels to be chewing through our debt. In fact, with just a few more days to go in January we are sticking to our budget and will be on pace to pay off another loan in February. We have like $30 bucks left for the rest of the month, but we have no needs, except possibly gas, until February, so we should be good to go.
February is going to be a tough month. Fact: 34052 of our friends have birthdays that month, so the opportunity to spend money will be high, but our friends understand our goals and are very supportive in our quest. So if we have to be lame and stay home or go out and have water instead of beers, I know they'll be fully supportive. Besides, when we're done, after all the sacrifices we make, we'll have a giant party to celebrate.
In addition to paying off a loan this month, we also spoke with my friend Dave Lind about refinancing to a 15 year mortgage. After some consideration, we decided to go for it. Rates were, when we locked in our rate, just above the all time lows. In fact, shortly after we locked in our rate, at 3.25%, rates went up. We had an appraisal on Tuesday, and our loan will be going through soon. In the end, we'll end up paying about $120 more a month, but we'll pay off our house 15 years earlier. Sounds good to me.
Next month's loan is approximately $2800, which is going to push us to the edge of our finances. We also have to pay for the cruise deposit, which is going to make February crazy tight. Wish us luck!
