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05-13-2010, 10:29 AM
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#37 |
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changed his status to single
Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
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financial discipline is just a habit. either you make the choice to cultivate it or not. some people who are paid biweekly even go so far as to set up auto payments for half of the mortgage payment with each and every paycheck. That effectively makes one extra payment per year. That extra payment plus the interest that wasn't compounded typically pays a 30 year mortgage off in roughly 22 years.
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