Tuesday, 21 February 2012


I just figured out that if we put our current savings to our current debt & then put our upcoming tax refunds to the remaining debt, we'd be completely debt free, including our mortgage, in 2.5 years!

So tempting.

But I have to, truly have to have a healthy savings.

It scares the hell (sorry) out of me that if we ever lost our jobs or the economy turned here, we'd have nothing to fall back on. Sure, we could sell the house, but realistically, if it was bad, no one would be buying our house & the value would drastically fall. We'd be totally screwed.

We are fortunate to live in a province that is rich in so many ways. But with the world economy on shaky ground, this richness could dissolve. I'm fortunate to work in an industry that will never die (sorry, pun there as I work in bereavement!). My husband works for a large company that is booming & is operating in 5 provinces but that could always change. He has other things on the go & is the kind of guy that would take any job to pay the bills. Hopefully, he never will have to. But he would!

Currently, our roof will be paid off in October of this year & our car loan in less than 4 years (I'm aiming for 2.5 years). We'll then increase our mortgage payments & pay that off within 3 years, instead of the current 7.5.

Worth the wait to have our savings remain healthy.

It's so tempting to be done quicker but I'm not willing to let go of one security for the other just yet.

And how is your day going?


  1. I agree with you money in the bank helps me sleep better at night!!

  2. I'm glad to know I'm not the only one ... thanks Debby!