At the start of the year, I wrote two different posts about debt repayment. First, I talked about how we paid $18,000 towards our mortgage. Then, I copped to the fact that we actually paid $24k towards debt, because Mr. P still had a car loan until one final click paid it off in full.
In both posts, the tone is not entirely celebratory. Part of me is proud that we were able to put some extra money towards our mortgage and towards paying off his car ahead of time. But most of me thought it wasn’t really worth celebrating because so many people put so much extra money towards their debts. That fact, coupled with my feelings that a mortgage isn’t actually good debt at all, kind of soured my celebration. Continue reading “Nothing But Net: Putting One-Third of Our Net Income Towards Debt”