Reflections on 2019 money

To be honest, the intensive focus on debt reduction was much less for me in 2019. Just too many other things going on.  I probably could have done a lot better at attacking this if all this with dad and the new house hadn't been a part of the year. But it was and so I take it at what it is.... small progress.


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

Debt 2019
Mortgage - $2756.00
College LOC - $6800.00

Total Debt - $9 556.00

My goal last year was to get the LOC down to between $7000 and 8000 so I consider that a win.

The mortgage should be paid off in 2020. I will have to remind my husband that we need to set aside $ for property tax as it has been included in the mortgage payment.

There is no mortgage on the new house. So if we end up selling the old house that money can be used to wipe out all debt and put money towards our retirement.


I don't want to get too happy about things as Murphy tends to hear those sorts of thoughts and starts his own plan.