2018 - A quick glance

2018 was a funky year for everything. Anyone who reads my blog knows that.

I lost interest in a lot of things, but for the most part, I did keep plucking along the journey to reducing debt.  Many things are on autopilot after 10 years of fine tuning and practice, and thank goodness for that, or I might gone off the rails.

However anyone following my blog knows I have a LOC serving as funding for DS1's college fees. I purposely did not choose to include that when it first was activated as that number has moved up and down within each year.

Here is a peek at the past years' numbers that now, are just the mortgage:

December 2009 - $70 771.99
December 2010 - $52 410.25 (down $18 361.74)
December 2011 - $40 055.29 (down $12 354.96)
December 2012 - $35 921.04 (down $4 134.25)
December 2013 - $25 925.49 (down $9 995.55)
December 2014 - $22 494.06 (down $3431.43)
December 2015 - $18 837.12 (down $3656.94)
December 2016 - $15 009.96 (down $3827.16)
December 2017 - $11 055.48 (down $3954.48)
December 2018 - $6969.94 (down $4085.94)

The two debts, including the College LOC past were:

Debt 2016
Mortgage - $15 009.96
College LOC - $13 245.16

Total Debt - $28 255.12

Debt 2017
Mortgage - $11 055.48
College LOC - $21 343.00

Total Debt - $32 398.48 


Debt 2018 

Mortgage - $6969.94

College LOC - $14 700

Total Debt - $21 669.94

I am just looking at my numbers now for the first time. I did WELL in reducing the debt this year. Holy. Granted I didn't have to add any new money to the LOC as I did in 2017, so that makes a big difference. But wow. That's pretty awesome. 

If my mortgage money stays stable then I will be down somewhere between $2500 and $3000 at the end of 2019. I will probably also not be living in this house  but we will still own it. (more on that to come later)

It is my hope that I can reduce the College LOC by about $7000 to $8000. So that puts me done this loan and the mortgage at the end of 2020 barring anything super unforeseen (knock on wood).