Friday, October 26, 2007

Pay off your mortgage

While we're talking grown-up financial things today, check out Mrs. MoneyDummy's cool graph. She used the new Dave Ramsey mortgage payoff calculator to show us how much faster she can kill that student loan.

An excellent tool for visual people like me. Keep up the momentum, Moneydummy!

5 comments:

Homemaker05 said...

That's great! Thanks for sharing!

Anonymous said...

I only wish this calculator also figured in the tax consequences of paying off early vs paying over time. It would be a burden lifted to have one less debt payment, but I just can't rationalize it even with the amount of interest saved by an early pay-off.

Jane said...

Thats great! I just looked at our debt and it's shocking how much we could save in interest! ANd our debt is pretty small! Whoo Hoo!

artgirlATL said...

We just paid off everything accept our home using Dave's principals. He's great.

Tee said...

I love Dave Ramsey. He has some of the best financial advice I've ever heard/read. I'm going to one of his events this coming Thrus. I'm so excited! Even though we are debt free, you can always learn more and pass it along to others.