Today's Focus

Current Goal: Automate Savings and Mortgage Paydown

1) Extra $1,100/mo. to mortgage
2) $1,000/mo. to short-term savings
3) $400/mo. to investing

Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
August 11, 2020: PAID!

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Thursday, June 2

Vehicles and the True Cost of Ownership: How Much is My Car Really Costing Me?

May was the last month I plan to put a lot of miles on my car. My daily commute to the restaurant was about 90 miles. And, since I'm thinking about selling the G5, I will probably use the Corolla as much as possible moving forward.

I determined that each mile I drive costs me $.0867 in depreciation. In May I drove 2,081 miles. My vehicle depreciation expense was $180.42.

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