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Crunching the numbers

December 24th, 2007 at 07:35 pm

I am pretty good at accounting and balancing the checkbook. Math is another story.
My plan is to get out of the habit of leaving excess amounts of money in the main checking account.
For me, it is a psychological issue. I feel good seeing the money sit there.

Bad habit indeed!!

I need to find a balance of how much to keep in the main account. I think I will start with $1000.00.

$3079.37-$1000.00= $2079.37


I am working on paying extra principal to the primary mortgage which has a 4.5% interest rate... and saving to the MMA at 4.8%.
I am just crunching numbers, I have not paid anything off at this point.

$969.37

Posted in Uncharted Territory | 2 Comments »

2 Responses to “Crunching the numbers”

  1. disneysteve Says:
    December 24th, 2007 at 08:39 pm 1198528791
    1198528791

    Why do you want to prepay a mortgage at 4.5%? Is that the actual rate or the rate after the tax deduction is figured in? In either case, 4.5% is incredible. I'd hold on to that loan as long as possible and invest excess money in higher-yielding places.

  2. Amber Says:
    December 24th, 2007 at 09:08 pm 1198530480
    1198530480

    Good luck

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