I got a big chunk of cash inflow this month, especially with three paychecks in November. That helps to offset the $4500 in 2013 property tax and my upgrade to the latest Iphone 5S Gold. With the extra cash, we also paid off an additional $5000 in primary mortgage. We are on track to pay it off within 5 years.
Here’s another rate recap of our only three debts:
- Primary Mortgage with PenFed at 2.50%
- Auto Loan with PenFed at 1.49%
- Student Loan with AES at 1.875%
Since these rates are super low, we are trying to drag out as long as possible. However, being debt-averse we plan on eliminate them before piling up on taxable investment accounts. So our current goal is to max out all qualified tax-advantaged spaces, then any left over cash will be geared toward paying off debts.