Mortgage Payoff Progress — Or Lack Thereof
Paying off our house this year is our primary goal. Except, apparently it isn’t.
Don’t get me wrong, it’s still what I want to do. But this is where that actions speak louder than words thing comes in.
Last month, I spent a little over $1250 to pay for our impromptu trip to Paris — money that I could have sent to the mortgage. Then I bought the plane tickets for our long-planned trip to New Zealand. Again, money that I could have sent to the mortgage (but I never intended to, so that part’s ok.)
I’ve also gone out to eat a lot, bought clothes, and spent some fairly big bucks improving and marketing my debt reduction app. And I have a teenage son who’ll be headed to college this fall — college that we don’t yet have enough saved for.
And yes, we’ve sent money to the mortgage too.
But we’ve really gotten off track in April. As of March, we were still doing pretty well — we were behind, but not that behind. It’s gotten worse since then though, and we’ll now need to send more than $7000 per month in order to come close to our goal.
So in addition to working to earn more money, we’ll be looking at ways to cut more (non-New Zealand) expenses from our spending. Big compromise, huh? But it won’t hurt us to at least look. (And ideally take action!)
Am I the only one whose goals conflict with their actions like this? We have made a lot of progress on the mortgage, but it really stalled out here in April. Time to get back on the bandwagon.