We have a long, soccer filled weekend (shocking ;-)), and it's our 11th anniversary on Saturday! We're going to dinner with the boys, and then next weekend will have our two night getaway. Can't wait.
Do you ever feel like you aren't making any progress, and then you step back to actually measure the results & you realize you're doing better than you thought? It's very much a marathon, and I want to see quick progress that isn't happening. ;-) But, I AM actually making progress, despite how it can feel. Now, on to the milestones.
Milestone One:I've had a goal of paying $100,000 off of our mortgage on our vacation house, & achieved that goal yesterday. Woohoo! This has been a long slog to pay off that much, of course. It wasn't in one shot, sadly. :-) We don't actually aggressively pay this off (it's at a 3.5% interest rate), but I still like to see the balance go down. We've owned the house for seven years, as context. Remaining on the loan is $232,004. My next goal is to get below $200,000. I like having these smaller milestones along the way. See above with the marathon. ;-)
I've achieved my savings goal for leaving my job! I am pretty shocked that I achieved this well before January, when I'm expecting a large cash bonus. This is great news, as I can divert my bonus towards maxing my 401K (already the plan), saving for 2016 taxes owed, and then either make additional payments towards our mortgage, or save additional cash. I flip back & forth between the latter two. I currently have around 5 years of expenses saved (my part of the household expenses - my budgeting assumes M will continue to pay the expenses his paycheck covers), so I'm leaning towards continuing the mortgage pay down. As far as my work plans, I'm trying to decide between leaving in January or March. Right now, it looks like staying until March will yield and extra $20K, so probably worth it. The dates are also dependent upon our relocation plans (more on that in another post), so I'll adjust as we go along.
HAPPY FRIDAY! So happy with both of these milestones. And, for you, what's a milestone that you've recently achieved? Brag so we can all celebrate with you. :-)