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About Me:

Patrick

Single male in Ohio born in 1963. I'm "the toyguy" because I work in the toy dept. of a large retail store.

2011 Goals:

- Pay myself back into my savings account the money that I used to pay off my mortgage.
- Put $3000 into a Traditional IRA again.
- Put $1000 into a Roth IRA.
- Add at least $2000 to my Antarctica fund.
- Add $400 to Emergency Fund (At end of 2010 I have $2526 in this fund)
- Put at least some money into my car fund. I have a car fund created at ING with about $25 in it but need to start saving for a future car purchase.
- Go to Scotland for a week in May for a ghost tour and stay a few days in New York city.
- Might have to have another expensive roof repair. Last year or so I had to have half the roof done and was very satisfied. But I think I have to have the rest of the roof done now.
- Take a short trip to New Orleans for Halloween.

2010 Goals:

X- Pay myself back for latest car repair (rear breaks)
X- Add $400 to my E-Fund
(Added $410)
X- Continue putting whatever money I can into IRA fund for 2010 and 2011.
X- Put $3000 into IRA for 2010
X- Have income taxes done before end of March
X- Continue paying at least $100 extra on Principal of my mortgage each month
X- Continue putting whatever extra I can afford into my Travel Fund
X- Have to call Tours of Terror to make arrangements for Ghost Tour in Scotland for next year.
X- Try to take a trip to west Virginia in Spring or early summer.
- Take a short trip to Phoenix Arizona if I can get very low cost tickets. (FAILED. Couldn't get cheap enough airfare)
X- Figure out exactly when I can pay off the rest of my mortgage. It might be this year or the end of next year.

"Lofty" 2010 Goals:

X- Pay off my house completely by November. This one is not so lofty cause I will be paying it off sometime regardless. November will be the absolute earliest though.
(Paid off end of October)
X- Start an Antarctica Fund and save at least $1000 in it. I want to go there someday but its very expensive and my Travel Fund alone will never be able to handle it. (Put in $1200)
- Put at least an extra $1000 into my 2010 IRA than stated above but put it into a Roth instead of a Traditional.
(Failed. Never got around to this one)

2009 Goals:
X- Pay myself back $344 for muffler repairs on my car from December of 08.
X- Add $400 to my E-Fund.
X- Continue saving for a total of $4000 for 2009 IRA.
X- Start saving for total of $3000 for 2010 IRA. (Saved $690)
X- Have my first ever yard sale when the weather starts getting nice this spring.
X- Try to take a real vacation around July or August possibly to Costa Rica.
X- Pay at least $100 extra per month to Mortgage principal. I plan to pay off my mortgage completely before the 20 year mark which is about 3 years from now.

2008 Goals:
- Continue using Quicken to keep my checking and other accounts in order.
- Save at least an additional $400 into my
E-Fund (DONE) which currently has $1,200 in it. My overall goal for E-Fund is $12,000.
- Slowly work on building up a car fund. (VERY SLOWLY)
- Save enough into Travel Fund to take a good vacation in October. (Saved enough money but cannot travel this year)
Save $4000 for 2009 IRA contribution.
- Continue my "Paper (clutter) Challenge"
- More to come as I think it over.

Paid off Mortgage

October 30th, 2010 at 03:17 pm

Paid off my mortgage this week. 11 years early on its 30 year loan. I actually think I could have done better but still a good thing. Just have to wait for the paperwork to go through to make it all official.

I'm also on vacation right now. Not doing anything special. Mostly watching scary Halloween movies.
I'm hoping to take 2 trips next year though.

Hope everyopne is doing well. And have a great Halloween.

Posted in Uncategorized | 21 Comments »

21 Responses to “Paid off Mortgage”

scottish girl Says:
October 30th, 2010 at 03:21 pm 1288452095
1288452095

Congratulations!!
Analise Says:
October 30th, 2010 at 03:27 pm 1288452468
1288452468

Yes, congratulations on paying off the mortgage!
Rick Says:
October 30th, 2010 at 03:36 pm 1288452990
1288452990

Way to go.
It has to be a good feeling.
I wouldn't know :-)
Homebody Says:
October 30th, 2010 at 03:56 pm 1288454209
1288454209

That's really great! You should be very proud of yourself.
creditcardfree Says:
October 30th, 2010 at 04:09 pm 1288454996
1288454996

Congratulations!! That is great news. Enjoy not making that payment.
KellyB Says:
October 30th, 2010 at 04:22 pm 1288455757
1288455757

Wow, fantastic, congrats! I'm in the process of refinancing my loan down to 10 years, and hope to have it paid in six. Hope to join you with a paid off mortgage in the not too distant future!
Ima saver Says:
October 30th, 2010 at 05:07 pm 1288458443
1288458443

That is great news!! Congratulations!!
librarylady Says:
October 30th, 2010 at 05:08 pm 1288458493
1288458493

Man! That is so cool! You must be so happy. And you are on vacation to boot! Good job!
ThriftoRama Says:
October 30th, 2010 at 06:00 pm 1288461651
1288461651

That is awesome. Having no mortgage feels great. We've been mortgage free for 4 years.
NJDebbie Says:
October 30th, 2010 at 06:14 pm 1288462488
1288462488

/ Cheering for you! That's totally awesome. We're refinancing to 15 years and we hope to pay off in 8 years. You just inspired me!
retire@50 Says:
October 30th, 2010 at 07:23 pm 1288466619
1288466619

Congratulations - great job
MonkeyMama Says:
October 30th, 2010 at 07:44 pm 1288467898
1288467898

Woohoo!
claudia Says:
October 30th, 2010 at 08:21 pm 1288470098
1288470098

That's awesome, Patrick. And I'm right behind you, dead set on paying off a 30-year loan in 18 years, come hell or high water.

Now you can put your retirement savings into high gear.
momcents Says:
October 30th, 2010 at 10:06 pm 1288476384
1288476384

Yay!
HouseHopeful Says:
October 30th, 2010 at 11:10 pm 1288480233
1288480233

Congrats on the mortgage! That's a great accomplishment. And my weekend is much like yours - lots of horror movies to be watched!
terri77 Says:
October 31st, 2010 at 01:51 am 1288489895
1288489895

Awesome! I hope to be able to do the same.
Toyguy1963 Says:
November 1st, 2010 at 05:11 am 1288588311
1288588311

Thanks EVERYONE. Your comments mean a lot to me. Hope you all enjoyed Halloween too.
dmontngrey Says:
November 1st, 2010 at 04:52 pm 1288630337
1288630337

Wow, congratulations!! I hope to get there some day. Gotta work on student loans and car first. But I will get there!
Toyguy1963 Says:
November 1st, 2010 at 07:46 pm 1288640780
1288640780

You'll get the dmontngrey. You have been doing great too.
Jerry Says:
November 12th, 2010 at 10:34 am 1289558052
1289558052

Nineteen years on a 30-year mortgage leads to major savings, congratulations! That is pretty exciting stuff, and it offers some real-life insurance to people that it can be done. Thanks for the inspiration...
Jerry
Toyguy1963 Says:
November 12th, 2010 at 04:32 pm 1289579553
1289579553

You are welcome. And seriously thank you to everyone here on Savings Advice because you are all very encouraging and keep me motivated. Even though I'm a natural slacker.

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The Toyguy's Blog

Chugging along at a snail's pace.

Paid off Mortgage

21 Responses to “Paid off Mortgage”

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