It’s the end of September, so it’s time for me to share my quarterly update of our 2012 Financial Goals. I was excited to write this update because of the progress we’ve made on #3 below–we’re so close to being debt-free except for our mortgage! I am so motivated by the idea that all this money we’re paying off debt with each month will be ours next year. And I’ve already started a huge list of wants/needs/repairs for our annual financial planning date that we do in December. More on that next time! Here’s the latest progress:
1) Pay off our second mortgage by February 20th. DONE! 2) Refinance our mortgage by the end of March. DONE!
3) Continue the Debt Payoff towards our three remaining debts and pay off by the end of December. TWO DOWN, ONE TO GO!
We’re now down to one loan, but it’s a big one. My husband’s law school student loan is still in five figures, and we’re putting all extra money towards this. In retrospect, we could have paid this off years ago. We’ve been paying the minimum and never changed that. Dumb move. We’re now powering through it, and as much as I would have liked it done by the end of 2012, it’s clearly going to run into 2013. I’m doing my best earning extra money wherever I can, but realistically that HVAC replacement pushed us a good 6-8 months further. Boo.
How are your 2012 financial goals coming along?
Image from .oskar at Flickr