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Costly few months coming up, but all good

May 21st, 2019 at 11:07 am

We are very close to paying off our mortgage. I was actually thinking about splitting the remainder into two and paying half as the June payment and half as the July payment.

However, I thought about it more and realized that we are going on vacation for a week in June. Airfare is already paid for but the hotel, rental car, and all spending money is not. We are also going on vacation for two weeks in August. We're renting a house in Florida and have paid a deposit but the balance will be due in July. We also have to buy theme park tickets, meals, travel expenses, and such.

So I probably will ease back on the mortgage and pay it off over 3 months instead of 2. That was the original plan.

Ultimately, we actually have the money to pay it off today and still do all the other stuff but I hate taking money out of savings. I prefer to pay everything out of current income. We're paying very little interest on the mortgage at this point so accelerating the last couple of payments doesn't really save us much.

2 Responses to “Costly few months coming up, but all good”

  1. Fire and I Says:

    Congratulations on being so close to being done! That's so exciting. Even three months sounds so very close. I am YEARS away, and can't wait to be where you are.

  2. rob62521 Says:

    How wonderful that the end of the mortgage is in sight! Congratulations! I'm with you, I hate taking money from savings too.

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