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!
Friday, January 13
In the last month I've scanned hundreds of pages of documents and shredded the hard copies, taken two trips to a thrift store to drop off donations, and am meeting with a friend today to sell a few things.
I'm coming ever so close to having a true paperless home. I have a safe full of documents I know I need to keep - my birth certificate, investment notes for a class action lawsuit, notarized deeds... too bad I can't just make electronic copies of those as well.
I've given away about 1/3 of my wardrobe in the last month. When you consider I've spent a whopping $105 on clothing in the last 2 years you'd think I had a bare minimum set of clothes already, but that's not the case. I could shed another 1/3 of my clothes if I really wanted to, perhaps 1/2 if I tried hard enough. I keep hanging onto barely worn pants that will fit ...when I lose 25 pounds. It's hard to part with those because I would feel like I'm giving up on ever losing weight.
Furniture? Let me take an inventory: In the bedroom I have my bed, a dresser and a bedside table. In the kitchen there is a table with four chairs. In the living room I have two cheap IKEA chairs, a small bookshelf, a small IKEA table that holds a lamp, and a small TV cart I use for my laptop and projects I am currently working on. In the second bedroom there is a filing cabinet which holds office supplies I've gotten for free, a few small electronics and photo albums. There is also a little desk in there I would like to sell.
I still feel the urge to purge. I have an excessive amount of personal hygiene products, almost all of which I obtained free. I imagine I could lose a few cooking utensils without missing them. And still lots and lots of clothes.
It feels great to shed unwanted possessions, particularly when I can sell them and use the money to pay debt. I just wish it were that easy to shed unwanted pounds!