Comments on: Remember that $2,000 we “saved” from refinancing?

By: LB

LB — Thu, 02 Jun 2011 02:57:43 +0000

I would rather have hundreds in cash too, but now I can have no mortgage AND hundreds of G’s in cash. :)

By: J. Money

J. Money — Thu, 02 Jun 2011 02:03:35 +0000

@Evan – Yep! Exactly. And if it weren’t satisfying I’d totally go the more financially-factual route ;)
@lam91897 – Rock on!!! That’s so awesome.
@No Debt MBA – I know you are! And doing a good job so far, keep it up yo!
@LB – Me neither. But I think I’d rather have hundreds of G’s in cash than $0 mortgage, haha… at least at the current moment.
@LLF – You know, one day I AM going to do that ;) I think it’s on my Life List actually – to place $500 or so on black just to say I’ve done it and to get that rush!!! I’ll let you know whenever I get the balls ;)
@Crystal – Haha… one of the few times being lazy works in your favor! ;)
@StackingCash – Thanks :) Castles and fortresses always make me feel secure! I swear I’d try and live in one if it were possible… and I had the money like Scrooge McDuck.

By: StackingCash

StackingCash — Wed, 01 Jun 2011 05:09:50 +0000

I like your metaphor of an emergency fund to a savings fortress. I’m glad to hear of your windfall and what you did with it.

By: Crystal

Crystal — Tue, 31 May 2011 20:25:51 +0000

We just put the extra $900 mortgage payment we saved from refinancing back into the mortgage, but not because it was the best thing to do…we were just lazy and it was easy. :-)

By: LLF

LLF — Tue, 31 May 2011 16:47:49 +0000

I would bet it all on 00 at the roulette table!!! J/K I would use it for what need fixing around the house. We are getting deposit money back from daycare. Since it’s money already “out” we will use it on a new garage door that needs to be replaced.

By: LB

LB — Tue, 31 May 2011 14:27:33 +0000

Paid. It. Off! I had a very small mortgage but either way I really don’t want another one. :)

By: No Debt MBA

No Debt MBA — Tue, 31 May 2011 12:40:53 +0000

I would have saved it to put towards my degree. I’m saving all the pennies I can pinch for that at the moment!

By: lam91897

lam91897 — Tue, 31 May 2011 01:53:51 +0000

After my recent refinance I put my $1050 extra to help pay off my car (also used some emergency money, tax refund, and extra pay from work to come up with the $6500). Paid the 48 month loan off in 22 month. I now have no consumer debt.

By: Evan

Evan — Tue, 31 May 2011 01:35:51 +0000

I know everyone talks about that guaranteed rate of return, but there is something to say about liquidity which is obviously important to you 2 right now!

By: J. Money

J. Money — Tue, 31 May 2011 00:52:47 +0000

@cashflowmantra – Thanks dude.
@Cat – Yeah, it def. helps having your emotions in check :)
@Jen @ SheBloggs – Oh wow. HUGE E-Fund but def. smart! My mortgages are the hardest for me to pay off. As bad as it sounds, I honestly block it out a lot of times cuz it drives me insane! It’s the only part left for us to tackle and it kills me…. hate those damn things ;)
@LB – You suck!!! haha… did you sell your house or did you actually pay it off? You get equal respect points either way ;)
@bleu – Also a woman who knows what she wants ;)
@Brandi – A romantic trip at that! Watch for my post tomorrow, maybe it’ll spark some ideas ;)
@Ginger B @ Ask the IRS B*tch – We try!
@katie – It can be a tough balance sometimes too… sometimes you just want to see huge amounts being tackled, but then if you throw it all one way, the other side is now not as sexy. But you gotta do what makes you the most comfortable!