Oh yes, you read that right. Let me preface this by saying I have a fascination with all things financial. I dunno why, but I do.
Today, I FINALLY set up my mortgage to be paid biweekly rather than monthly. I’ve meant to do that ever since we moved in, but I never seem to get to it. By doing this, I will be paying an extra two payments each year, and in doing that, I will be paying off my mortgage in 18 years rather than 28 years and I will be saving over $105,000 in interest over the course of the loan.
To increase that, after the first of the year, I am also going to set it up so that I am paying an extra $200 a month on my mortgage. This small move will mean that my house is entirely paid off in 15 years and I will be saving over $135,000 in interest. And since its done automatically, I won’t feel a thing.
In other news, I just completed an 18 day fast/cleanse – I feel great. Its my hopes that in doing this, some of my health problems I’ve been experiencing over the past two years will be helped. In addition, I lost 19lbs (I’m sure I will gain back a few as I start to eat again).
