Monthly Update

Pay off car loan - 77.3% (Up 1.2%)
Pay off student loan - 14% (Up .5%)
E-fund 2 - 61.1% (Down 1.4%)

Overall a pretty good month. Last month I mentioned re-financing. That went through and the closing costs were less than I expected. I may not put all of the money back into my e-fund and instead opt to put the money in my Roth IRA. I've had a change of heart as well about making the same payment as before. Seeing as the interest rate is what it is (4.25, yay!) I think I will just make the required payment and put the extra $40 or $45 into the Roth IRA also. Financially that makes sense, even though it's really exciting to think about having a home I own free & clear.

I re-vist the same struggle fairly often with the student loan. I would love to hammer that one and take it out but it really doesn't make financial sense since the interest rate is so great (3.75, tax deductible, yay!). So for now it stays for another 15 years..

On that note, I was really planning to have my car loan completely gone by the end of 2010. As I look over the next 4 months, I just don't see it happening. From the impending vet visits to the yearly furnace inspection to the car maintenance recently, I just don't think I'll be scraping up another $2300 :) Of course, I got de-railed by many other things. Some which weren't necessary at this time (new floor in spare room, new fan, new light fixture). Some which were necessary (sick cat, getting to bottom of dog's allergies). Overall I'm not too disappointed because the balance that won't be paid off by the end of 2010 has zero interest until the end of 2011. It will be gone by then! Barring more unforseen circumstances..lol. Life has been good to me the past year and I'm grateful for what I have.