Comments on: I Can’t Bring Myself to Pay Extra on the Mortgage

By: Paying Off the Mortgage Early | Ultimate Money Blog- Save Money and Live Green!

Mon, 31 Jan 2011 10:38:37 +0000

[...] year I shared how I can’t bring myself to pay extra on the mortgage. Fortunately, since then I’ve been able to bring myself to make a few additional principal [...]

By: Sandy H

Sandy H — Sat, 18 Sep 2010 23:21:13 +0000

I liked paying the mortgage twice a month (when we had one!). I was paid every two weeks, so it was very easy to have the mortgage taken out when I got paid. The mortgage was basically what I was working for mostly. And we didn’t really notice the ‘extra’ payment every year.

By: Carnival of Personal Finance #239 – Hot Money Trends of 2010 Edition | Darwin's Finance

Mon, 10 May 2010 21:53:45 +0000

[...] Mrs. Money from Ultimate Money Blog- Save Green and Live Green presents I Can’t Bring Myself to Pay Extra on the Mortgage. [...]

By: Double Check Your Bank Receipts | Ultimate Money Blog- Save Green and Live Green!

Sun, 14 Feb 2010 18:09:38 +0000

[...] other day I was at work and decided I was going to use some snowflake money to make a principal only payment on our mortgage. I told the teller that I’d like to apply that to principal only, gave her [...]

By: Mrs Money

Mrs Money — Wed, 03 Feb 2010 22:19:20 +0000

How Green is My Valley- We round up and it’s an extra $6.81 a month. It’s not a lot, but it’s pretty cool to know it’s making a little big of an impact, right? I think every little bit helps!

By: How Green Is My Valley

How Green Is My Valley — Wed, 03 Feb 2010 06:01:56 +0000

We’ve always rounded up to the next dollar, which doesn’t make much of a difference at all, but is easy to keep track of since it’s a round number. At some point we’ll make additional payments that actually have an effect, but we’re not quite there yet.

By: Mrs Money

Mrs Money — Thu, 14 Jan 2010 22:47:04 +0000

frugalscholar- I’m going to start adding a little extra and then try to do more. Baby steps will be good for me!

By: frugalscholar

frugalscholar — Thu, 14 Jan 2010 03:20:16 +0000

When I started paying down the mortgage, I would add the nexy month’s principle. That’s a small amount. Then I would cross one month off the mortgage.

At the moment, savings accts are paying almost nothing–a mortgage paydown is one of the absolutely safe things you can do with your money and get a decent guaranteed return.

By: Mrs Money

Mrs Money — Mon, 11 Jan 2010 23:29:58 +0000

Evolution Of Wealth- Interesting. I just read what you wrote. I am not debt free yet but I guess I consider debt free to not include a mortgage. I am going to be happy to be debt free minus the mortgage when it happens!

We have been saving any extra money in a savings account. Thanks for your comment and sharing that post with me!

By: Evolution Of Wealth

Evolution Of Wealth — Mon, 11 Jan 2010 15:38:57 +0000

I vote for never paying extra on your mortgage. I’m fairly new to this blog and I don’t really know you but you seem like a pretty responsible person. If you can be responsible enough to save money on the side outside of your mortgage then you will be far better off. It depends on what you consider debt free. Does that mean you have no debt or that you have enough money in a side account to pay off the debt whenever you choose so your balance sheet is positive?

Also remember, the return on home equity is always zero…http://evolutionofwealth.com/2009/11/return-on-equity-is-always-zero/