End of January Update!

Time to update the numbers!  

January was indeed quite the month!  The highlight, of course, was the refi on our house.  Looking at the amortization schedule of our previous 30-year mortgage and now our 15-year, even with rolling in the closing costs, by the end of 2018 we will have paid off more with our new shorter term.  Yes, we are paying more each month, but wow!  What a difference!  I can’t wait to see those numbers drop even faster once we are snowballing the mortgage!  

As for debt payoff for January, we finished strong and knocked out a total of $1,694.53, bringing our total debt payoff to $11,035.83 in 13 months.  I’d say this is a positive start to 2018!

With the escrow refund that we will be receiving in a few weeks, I’m looking a bit ahead.  Our current debt stands at $44,713.86, and I wonder if we could get our debt below 40K before the first day of Spring.  March is also a three payday month for Hubs, so providing we don’t owe taxes, it could just happen.  It feels like our debt has been in the 40s forever so it will be awesome to see it get in the 30s (albeit high 30s).  No matter what, I feel like I’m on fire to get this debt paid off!

Now with the numbers updated, I need to get ready for work!  For those also on this journey to get debt free, keep fighting!  I’m rooting for you too!