Four payments left

@Carolyn63 (1403)
United States
January 23, 2013 2:47pm CST
Woohoo! Only four more payments and a business loan will be paid off. Only about $600 owed. That means another $150 a month we get to keep. Doesn't seem like much however, we don't pay rent any more. We now own the business and the building. That was $1000 a month. Another $25 a month since we don't use dial up for internet anymore. We'd already made the change. Just didn't have time to cancel it till now with all that was going on. So, that's $1175 a month we save. It means we can start putting money back so we can one day retire. That is a big relief. It also means we can pay a little extra on our house payment each month. Yes, I realize that when you own a business you sometimes have slow times. But any improvement on funds is great. It will help get us through the slow times. And maybe, since we now also have an extra vehicle, we can sell one and put that money away towards a small vacation. We haven't had one in years. We've had time off for holidays, yes, but we haven't been able to travel. For us, vacation has been camping now and again, locally. And that's kept us sane. I feel like I can breathe. We've cut back here and there over the years. Instead of paying someone else for shop statements and estimate forms I do my own. The news paper locally has cut back to 6 days a week and most of the news is online instead so we stopped taking it. The little things add up too. I won't be going out and going nuts. There are a few things that we want to do to enhance our business. Nothing major and we can do most of it ourselves. No rush either. Things like painting the bathrooms. Things we can be proud of for doing ourselves. Ahhhh, feels good.
2 responses
@deiusz (193)
• Indonesia
24 Jan 13
It was very nice when we have debt and can pay the mortgage each month with smoothly without any hiccup, including when our business are not smoothly as planned. Debt payments each month to smooth very good and after everything is settled we can think of the next plan or take holiday for a while to refresh our brain.
@Carolyn63 (1403)
• United States
24 Jan 13
Hi Deiusz, I can always meditate when I can't physically take a holiday. I can get away via my writing and paintings as well. For that I am grateful. And because of that I'm still sane.
@5mahi05 (666)
• India
24 Jan 13
Oh! That's a great thing. Clearing debts and owning your own business. well , that is a great improvement indeed. Cheers for you on that. You said $1175?? Well, that is too much of money to be saved every month. I'm sure there will be no looking back to you here after. Do not worry about the lost years , where you had to cut back on a lot of things. These times are really gone and here after, it is all happy years ahead for you. Now that you are being able to save , do not spend too much on unnecessary things. Saving for the future is a must that the first thing to do by everyone. Enjoy your life and live happily. I'm happy for you.