Percent Total Monthly Income Saved: 41%
Tax Advantage Account Savings (401K + employer match, IRA): $4657
Brokerage Account Savings (Vanguard, Betterment, Lending Club): $0
Monthly Piggy Bank Growth: -$13210
End of Month Percent to Final FI Goal: 19.5%
Percent Mortgage Paid Off: 100%
Total Approximate Interest Saved (using amortization tool): $135,210
Total Monthly Spending January: $928
THE HOUSE IS PAID OFF!!! As we mentioned in our trekking guide post, we paid off the mortgage earlier this month! In total we saved $135,210 in interest payments! We are looking forward to our completely debt free life!
Its no secret that it is tax season and it is looking like for the first time, we are going to be owing the government. It’s a bummer but part of life!
The markets took a turn for the worse at the end of the month which contributed to our monthly piggy bank growth going negative. We are looking at this as an opportunity since we have not started investing in our brokerage yet so we are hoping to get the stocks on sale!