Comments on: Abandoning 2009′s Goals to Pay Off the Mortgage http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/ A Personal Finance Blog with a Silly Name Wed, 23 May 2012 04:33:51 +0000 hourly 1 http://wordpress.org/?v=3.0 By: The Appraisal in In — The Closing is Scheduled! » Pants in a Can http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-69439 The Appraisal in In — The Closing is Scheduled! » Pants in a Can Sat, 05 Jun 2010 14:11:31 +0000 http://pantsinacan.com/?p=1538#comment-69439 [...] in one fell swoop, I’m on the cusp of eliminating PMI, paying off my mortgage faster than planned, and paying for this remodel faster than expected [...] [...] in one fell swoop, I’m on the cusp of eliminating PMI, paying off my mortgage faster than planned, and paying for this remodel faster than expected [...]

]]> By: Net Worth Update: September 2009 (+$6,991) » Pants in a Can http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-59578 Net Worth Update: September 2009 (+$6,991) » Pants in a Can Wed, 02 Sep 2009 00:24:36 +0000 http://pantsinacan.com/?p=1538#comment-59578 [...] Mortgage: Nearly identical to last month, I’m still on pace to have the house paid for in less than 4 years. [...] [...] Mortgage: Nearly identical to last month, I’m still on pace to have the house paid for in less than 4 years. [...]

]]> By: Six-Figure Threshold Broken » Pants in a Can http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-58932 Six-Figure Threshold Broken » Pants in a Can Wed, 12 Aug 2009 16:18:24 +0000 http://pantsinacan.com/?p=1538#comment-58932 [...] I’m not exactly attacking this balance quite as aggressively as I did on the credit card balances but I’m comfortably (relatively) on pace to have my mortgage paid in full sometime in 2014. [...] [...] I’m not exactly attacking this balance quite as aggressively as I did on the credit card balances but I’m comfortably (relatively) on pace to have my mortgage paid in full sometime in 2014. [...]

]]> By: Net Worth Update: August 2009 (+$9,071) » Pants in a Can http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-58621 Net Worth Update: August 2009 (+$9,071) » Pants in a Can Sat, 01 Aug 2009 10:44:46 +0000 http://pantsinacan.com/?p=1538#comment-58621 [...] My goal here has been to pay off over 1% of the mortgage each month and I did it again this month with some more automatic payments on a weekly [...] [...] My goal here has been to pay off over 1% of the mortgage each month and I did it again this month with some more automatic payments on a weekly [...]

]]> By: End of first half of the year money links http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-57980 End of first half of the year money links Sun, 12 Jul 2009 01:56:10 +0000 http://pantsinacan.com/?p=1538#comment-57980 [...] Abandoning 2009 s Goals to Pay Off the Mortgage [...] [...] Abandoning 2009 s Goals to Pay Off the Mortgage [...]

]]> By: Buy NOW and Pay Later? » Pants in a Can http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-57858 Buy NOW and Pay Later? » Pants in a Can Mon, 06 Jul 2009 14:33:00 +0000 http://pantsinacan.com/?p=1538#comment-57858 [...] Grant, who pops in pretty regularly with well thought out comments, had a great suggestion too. Take an extended break from my crazy mortgage payment schedule and instead save up to do [...] [...] Grant, who pops in pretty regularly with well thought out comments, had a great suggestion too. Take an extended break from my crazy mortgage payment schedule and instead save up to do [...]

]]> By: Net Worth Update: July 2009 (+$5,587) » Pants in a Can http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-57721 Net Worth Update: July 2009 (+$5,587) » Pants in a Can Wed, 01 Jul 2009 22:43:01 +0000 http://pantsinacan.com/?p=1538#comment-57721 [...] Somewhat depleted. I’m throwing a ton at the mortgage of late and this is the category that’s taking the [...] [...] Somewhat depleted. I’m throwing a ton at the mortgage of late and this is the category that’s taking the [...]

]]> By: Grant http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-57713 Grant Wed, 01 Jul 2009 16:19:27 +0000 http://pantsinacan.com/?p=1538#comment-57713 Smurf, why not do this: Create a savings plan for the next year and wait to do the remodel until this time next year. That way you pay cash for the work and won't have to worry about paying off credit cards. Also, you'll be able to get a better quote if you tell the guy you're going to pay cash... Nearly everyone is willing to take 10% off for cold hard cash payments. One other benefit is that it forces you to use the cash at hand in terms of budgeting. If you have say $10,000 in cash to work with, you tell the contractor that your budget is, say $7500. That way if he goes over for what ever reason, you've got some buffer built in to the project. -Grant Smurf, why not do this:

Create a savings plan for the next year and wait to do the remodel until this time next year. That way you pay cash for the work and won’t have to worry about paying off credit cards.

Also, you’ll be able to get a better quote if you tell the guy you’re going to pay cash… Nearly everyone is willing to take 10% off for cold hard cash payments.

One other benefit is that it forces you to use the cash at hand in terms of budgeting. If you have say $10,000 in cash to work with, you tell the contractor that your budget is, say $7500. That way if he goes over for what ever reason, you’ve got some buffer built in to the project.

-Grant

]]> By: Kitchen & Bathroom Remodeling http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-57684 Kitchen & Bathroom Remodeling Tue, 30 Jun 2009 19:20:25 +0000 http://pantsinacan.com/?p=1538#comment-57684 Securing your future is really very essential thing to do and really you should not take it lightly. Securing your future is really very essential thing to do and really you should not take it lightly.

]]> By: Angie http://pantsinacan.com/2009/06/30/abandoning-2009s-goals-to-pay-off-the-mortgage/#comment-57679 Angie Tue, 30 Jun 2009 15:58:03 +0000 http://pantsinacan.com/?p=1538#comment-57679 I'm so jealous! It will take us at least 18 more years to clear our mortgage. I'm hoping that we'll be able to find more money each month to pay on it, but our new budget is already pretty tight. Ugh. I’m so jealous! It will take us at least 18 more years to clear our mortgage. I’m hoping that we’ll be able to find more money each month to pay on it, but our new budget is already pretty tight. Ugh.

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