To do full honesty you have to start with the whole truth. I am in a better position than many people are with debt. I only owe on my mortgage, but I owe a lot on my mortgage. I owe about $117,000 before the house is fully mine. I have been paying around fifty dollars extra towards my principal which is a good step, but is counter balanced by the face that I have not been very good about saving either for retirement or emergencies.
I need to work on discretionary spending, like minimizing the number of times I go out to eat and stopping impulse purchases. I already cancelled Boingo internet because I was not travelling for work as much.
I decided that I would put half of the savings I find into my house and the other half into saving for emergencies and retirement. So by cancelling Boingo I am paying an extra five dollars towards my house every month. Yay!
No comments:
Post a Comment