Tuesday, September 1, 2009


Onto some good news, shall we? For once, the economic downturn/depression/housing bubble burst has come up with a silver lining. For the fourth year in a row, our property value, and therefore, our estimated property taxes, have fallen. This means that our mortgage company will be escrowing less money, lowering our monthly payment. Plus, we got a check for the extra leftover in the escrow account. Ka-ching!

So, there's two unanticipated sources of cash -- the savings on our monthly payment and the escrow check. Last year, trying to follow Dave Ramsey's advice and working towards debt-free-but-the-house, I took the monthly savings and put it towards an increased car payment each month. I will probably do that again this year.

As for the escrow check, I believe that it will go towards the purchase of the (angels singing) China Cabinet.


seussgirl said...

Yay, that's great! We've looked into doing the Ramsey plan, but at this point we're waiting till we have an income. ;)

Lorza said...

WOOOO HOOOO! That is awesome! I personally paid off about 30,000+ in debt doing it Ramsey's way...in the last 1.75 years. YES THIRTY THOUSAND. The only debt we have currently(before buying the house) Is DH's loans from medical school...and I have been doubling the payment since I paid off the credit cards. No car payments, etc. I don't fit in with other BMW driving doctors wives..but I don't care. I am living like no one else right now so later I can live like no one else.


LJ said...

Totally jealous! Nice snag - what are you gonna get?

Anonymous said...

wee hee! that is great!

~Jess said...

We really liked Dave Ramsey's advice...just sound financial information.

That's great that you guys are going to get a bit extra income: Can't wait to see what china cabinet you pick out!

Melis.sa said...

woot woot!!
I love dave ramsey too!

We're done about 40k in a little over a year and a half following his plan :)

Awesome job!

Fertilized said...

woooo! Now that is a very nice thing!