http://wideopenwallet.com/2008/12/debt-reduction-for-2008/ An honest look at family finances Thu, 18 Mar 2010 10:35:26 +0000 http://wordpress.org/?v=2.5.1 http://wideopenwallet.com/2008/12/debt-reduction-for-2008/#comment-3879 Ms. MoneyChat Wed, 31 Dec 2008 12:30:57 +0000 http://wideopenwallet.com/?p=319#comment-3879 Your comments regarding the slow payoff of mortgages is right on! When I added up how much in extra principal payments it would take to move my payoff 1%, I was shocked. Well, I shouldn't say shocked, how about I was slapped with reality. Accelerating my mortgage is my new goal. Congrats on seeing the light so early;-) Your comments regarding the slow payoff of mortgages is right on! When I added up how much in extra principal payments it would take to move my payoff 1%, I was shocked. Well, I shouldn’t say shocked, how about I was slapped with reality. Accelerating my mortgage is my new goal. Congrats on seeing the light so early;-)

]]> http://wideopenwallet.com/2008/12/debt-reduction-for-2008/#comment-3860 R. May Tue, 30 Dec 2008 18:56:08 +0000 http://wideopenwallet.com/?p=319#comment-3860 I hope when you sent your extra payment in you specified it was to be applied to principal not interest. In most cases there is nothing wrong with that but you do have to specify it. I hope when you sent your extra payment in you specified it was to be applied to principal not interest. In most cases there is nothing wrong with that but you do have to specify it.

]]> http://wideopenwallet.com/2008/12/debt-reduction-for-2008/#comment-3850 Saver in the City Tue, 30 Dec 2008 14:41:04 +0000 http://wideopenwallet.com/?p=319#comment-3850 Congratulations on the debt reduction! I know what you mean, I look at my mortgage balance each month and it's discouraging to see the actual amount applied to principal vs. interest. Which reminds me, I really need to get around to making that extra payment... Congratulations on the debt reduction! I know what you mean, I look at my mortgage balance each month and it’s discouraging to see the actual amount applied to principal vs. interest. Which reminds me, I really need to get around to making that extra payment…

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