Woohoo! We managed to pay an extra $1,010.94 in October – even on a SINGLE INCOME. Many thanks to Mr. Money Moustache for inspiration to keep down my spending to make it possible.
This extra payment saved 2 more months off of the 30 year loan and $2,177.10 in interest. Each extra payment gives over a 100% return for the life of the loan. Not bad.
Next month we should be able to pay even more or the same.
Once the new year comes around we’ll probably have to pay less due to me having to buy health care again out of my own pocket… but I’m going to ask for a rate raise in my freelance work which should hopefully cover most of that. Wish me luck with that.