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Things I could spend my stupid debt payments on:

March 4th, 2007 at 11:18 am

If I paid $315 extra each month on my mortgage, my mortgage would me paid off 15 years earlier.

If I put $315 each month into savings I would have $12600 saved after 40 months - not including interest.

I would be able to afford both my kids going into braces at the same time.

I would be able to save for a cruise - something I've always wanted to do.



4 Responses to “Things I could spend my stupid debt payments on:”

  1. JanH Says:

    Never really put my debt into those terms before. Not specifically. What an eye opener! Thanks for the idea. Makes me more determined.

  2. Ima saver Says:

    That is interesting, thanks for the idea too. Someday, you will be able to do those things. Just save a little at a time!!

  3. crazyliblady Says:

    Have you thought about a flexible savings account for this?

  4. barbara L Says:

    Hi,

    Flexible accounts save you tax dollars. I sat in on a couple of the classes. You have to put money in them up front in order to save on taxes in the end. I don't have the up front money to spare. Anyway, my company only does open enrollment once a year. The enrollment period ended in November.

    It was still a very good suggestion.

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