Since D started his real job (an an employee, no more self-employment!) in the autumn, he's had a few side jobs. Some are photography, some are small web design/updates.
When he makes any money through self employment, he puts a little bit in his business account (which he still has), 20% in our "taxes" account (from which we pay our estimated taxes) and the rest in our personal account.
I haven't done anything with the money. When he was self employed, his income was up and down, so I just left it in the account and took another look at the end of the year. I was used to leaving the money in the account because it all just averaged out to his yearly income.
But now he has a steady income, so the side jobs are all extra. How did I not realize this?
Since January, he has deposited $120 and $85 into our personal account. I talked with him last night, and he said "Put it toward the mortgage!" Yes!
So I get to make another principal payment this month. And he just did another little side job, so there will be more coming in. This is significant money compared to the piddly money I get from the gym each month.
I was talking to the woman I go to for rolfing (rolfing, by the way, is the best thing that ever happened to me, but that's another story). She and I are on the same page on lots of subjects, and I just found out that she paid off her mortgage a few years ago. She's about two years older than I am. I am so happy for her! She said that some people advised her not to do it, but that the piece of mind has been so worth it. Talking to her made me feel even more strongly about getting the mortgage paid off. (Although I still want to put money in our Roths, so it'll be a little more slowly than the way she did it).
What we are now paying toward principal:
- $150/month from our regular income
- gym money (last month it was $50)
- David's side income (probably averages $100/month)
- anything I sell on Craigslist and any other misc.
Extra Income
March 6th, 2014 at 04:51 pm
March 6th, 2014 at 04:54 pm 1394124867
March 6th, 2014 at 06:27 pm 1394130463
I told her I would rather pay $700 in taxes then spend $7000 on interest to a mortgage company.
I am glad rolfing works for you.
March 7th, 2014 at 06:50 am 1394175031
March 7th, 2014 at 04:15 pm 1394208904