tag:blogger.com,1999:blog-3144616579963110201.post2367837064440223646..comments2023-09-17T05:24:37.074-07:00Comments on minhus: A paid off homemin hushttp://www.blogger.com/profile/09460666548836420815noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-3144616579963110201.post-58113852110064023862018-05-01T07:28:45.768-07:002018-05-01T07:28:45.768-07:00The argument to not pay off debt always rings a bi...The argument to not pay off debt always rings a bit false to me. !- I hate owing anyone. 2- the debt interest is guaranteed, while income interest is potential and not at all guaranteed.<br /><br />Great job paying off that cute house!Anonymoushttps://www.blogger.com/profile/05109401643711255786noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-86170999059744499542018-04-19T06:28:17.437-07:002018-04-19T06:28:17.437-07:00Thanks Sarah! Your previous comment asking me to w...Thanks Sarah! Your previous comment asking me to write about it when I did it inspired this post, so thanks for that.<br /><br />I was super nervous before paying off the loan, all the way up until I handed over the check. What if I needed that money? But since then it's felt great and I've had no worries. Hopefully I can continue to say the same in the future! Overall, I'm still happy with this decision.min hushttps://www.blogger.com/profile/09460666548836420815noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-65864255111149476612018-04-16T14:16:07.336-07:002018-04-16T14:16:07.336-07:00Wow this is amazing, I remember you commenting on ...Wow this is amazing, I remember you commenting on my plans last year and now you've done it. What a great relief it must be!!SarahN @ livetolisthttps://www.blogger.com/profile/01429385342825413879noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-2524843849941883232018-03-21T11:11:40.851-07:002018-03-21T11:11:40.851-07:00Congrats! I love hearing stories like this! We pay...Congrats! I love hearing stories like this! We pay extra on ours but sadly still owe more than six figures so it'll be some time before our mortgage is done. I think the best part will be knowing that if something goes wrong (like one of us loses our job), that our monthly expenses will be so much lower and easier to afford. Amandahttps://www.blogger.com/profile/05307066665335899370noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-3629533433161047202018-03-20T19:26:59.947-07:002018-03-20T19:26:59.947-07:00Yeah, I'm realizing our property taxes are ver...Yeah, I'm realizing our property taxes are very high unfortunately.<br /><br />Our mechanic friend told me gaskets and things will start breaking down in my car and needing replaced. Getting to some of them in complicated. It's already started with CV joints, struts and some other things needing to be replaced. Still sometimes I think I should just keep my car, but I don't like worrying that it could break down at any time, which I've started to do. So I guess it's going to be time to move on soon. <br /><br /><br />min hushttps://www.blogger.com/profile/09460666548836420815noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-31233944650840664062018-03-20T19:23:15.991-07:002018-03-20T19:23:15.991-07:00Thanks Greg. Wow, 10% interest on student loans so...Thanks Greg. Wow, 10% interest on student loans sounds so high, though I know we've been experiencing historically low rates for awhile. Paying off debt definitely feels good.min hushttps://www.blogger.com/profile/09460666548836420815noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-47288070935391197252018-03-20T18:24:57.073-07:002018-03-20T18:24:57.073-07:00Yikes! That's a lot of property taxes! I think...Yikes! That's a lot of property taxes! I think Denver's property taxes must be really low comparatively speaking because my combined monthly total for taxes and insurance is under $200/month.<br /><br />In terms of the car maintenance... well, it would probably cost more if I actually drove it. But since I average about 50 miles a month, I don't have many costs. Of course, the mechanic told me 5 years ago that my transmission was going and that I'd probably need to have it replaced soon. But honestly, it hasn't really deteriorated at all since then... probably because I don't drive it much. I should take it in for an oil change though, and I will probably need new tires and a new battery before next winter - there's still plenty of tread, but apparently they deteriorate just from age. I probably should have done it this year, but our winter was so mild that it hardly seemed worth it. I did have to charge the battery once, but now that the weather is getting warmer it will probably be OK until next year. We'll see though...EcoCatLadyhttps://www.blogger.com/profile/15704811319510740473noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-14796578654896675632018-03-19T22:36:32.192-07:002018-03-19T22:36:32.192-07:00Congratulations. It is liberating to be without de...Congratulations. It is liberating to be without debt. I think you made the right decision. Big Banking is a scam. <br /><br />When I paid off my student load the interest was around 10%. I retired it as fast as I possibly could.Gregg Koephttps://www.blogger.com/profile/09349453216733070775noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-59673244573562132952018-03-18T15:44:48.931-07:002018-03-18T15:44:48.931-07:00Thanks Megyn! It definitely helped that I had a sm...Thanks Megyn! It definitely helped that I had a small mortgage to begin with, for a small house. We wouldn't fit here with kids. Sometimes I wish I had more space but the cost and extra time it would require keep me from making a move. Plus this place more than meets our needs.<br /><br />I know what you mean about the savings account. I'm happy with the size of my emergency fund, but it takes a lot longer for me to build that up than it would to spend it should I lose my job. It's easy to see how people get in trouble if a crisis hits.<br /><br />Good luck on the wedding front, that's quite the expense for your family. It's tough when it's close family though.<br />min hushttps://www.blogger.com/profile/09460666548836420815noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-43957896419943989552018-03-18T15:38:09.834-07:002018-03-18T15:38:09.834-07:00Thanks Cat! It is a good feeling, although I still...Thanks Cat! It is a good feeling, although I still owe $300+/month in property taxes alone. Oi! So I don't know how free that makes me, but it does cut a good chunk out of my monthly budget.<br /><br />A 28-year-old Civic, wowza! They should put you in a commercial. Now I have to ask you Dar's question, does it cost you much in maintenance? min hushttps://www.blogger.com/profile/09460666548836420815noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-71306547417198335702018-03-18T13:17:25.030-07:002018-03-18T13:17:25.030-07:00This is so great! I wish we had cash to pay down o...This is so great! I wish we had cash to pay down our mortgage (I think we still have $167k left at 3.7%), but I don't even have a retirement account started. We're just banking on my husband actually getting his promised pension when he retires. Kids and the house and day to day stuff is getting in the way of us saving anything extra. We at least have a good savings built up, but all it takes is something major to drain that. My husband is already having to pickup at least 4 over time shifts between now and August, so we can pay for all of us to go to my brother's wedding (which my mom already lectured me about how we ALL have to go or else, even though it will likely cost us around $2500-3000 for a 4 day trip).Megynhttps://www.blogger.com/profile/09237520120571515528noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-33905015120779221452018-03-18T10:42:35.816-07:002018-03-18T10:42:35.816-07:00Congratulations!!! It's such a feeling of free...Congratulations!!! It's such a feeling of freedom, isn't it? Paying off my house did go against "conventional wisdom" - but for me, it was a hugely freeing decision. It allowed me to focus on wealth rather than income, and not having that bill to pay every month really opened up a whole new world of possibilities.<br /><br />And three cheers for the Honda Civic! I'm still driving my 1990 Civic wagon - and it still has less than 90K miles on it. Not sure if that's evidence of being a frugal environmentalist, or just a person with no life, but either way, it's a pretty good deal!EcoCatLadyhttps://www.blogger.com/profile/15704811319510740473noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-71759547364332621662018-03-18T06:12:45.070-07:002018-03-18T06:12:45.070-07:00Thanks Dar! I have a 2000 Honda Civic with just un...Thanks Dar! I have a 2000 Honda Civic with just under 130,000 miles on it. It's been a good car.<br /><br />I haven't spent a lot on maintenance, but there has been routine maintenance. I've been very lucky because the boyfriend, and sometimes his mechanic friend, fixes everything so I have only had to pay for parts, sometimes a little extra for their work. It makes a huge difference of course!<br /><br />Still, I'd hesitate to take a long drive out of town these days so I've started thinking about something new.min hushttps://www.blogger.com/profile/09460666548836420815noreply@blogger.comtag:blogger.com,1999:blog-3144616579963110201.post-48605598171815705792018-03-18T04:26:26.262-07:002018-03-18T04:26:26.262-07:00Wow, congratulations! I was also counselled by a f...Wow, congratulations! I was also counselled by a financial advisor to put my money into the stock market instead of paying down the mortgage. I'm glad I didn't listen. What make of car do you own that has lasted 18 years?! Do you put a lot of money into its maintenance?<br />Cheers from Daranexactinglifehttps://www.blogger.com/profile/02009190709973990767noreply@blogger.com