Chipping Away at Our Debt

by James & Miel on January 2, 2008 · 0 comments

Happy New Year Everyone!!!

For todays posting, I just wanted to updated our readers on the story with our second mortgage. A s you may know, we’ve been steadily chipping away at the debt with a view to eliminating it by June of this year. Paying this off has become especially important for us in light of Miel’s student loan payments coming due in the next few weeks.

The situation is we owe approximately $18,259.22 on the second mortgage. This is a decline of 5% from last months balance of $19,252.45. We also have a payment of $600 on the way and are expecting an additional $1,000 from a settlement related to my grandmother’s cremation, so we think we’re making good progress and are both optimistic about dumping this debt by June.

Here is our transactions for the past few months.