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Extra $5.00 to HELOC

January 18th, 2012 at 08:54 pm

I found a 1/2 roll of quarters in the bottom of my car's glove compartment! I was like a kid in a candy shop! So I deposited that with the $22.73 check from secondspin and transferred $27.73 to my HELOC! Brings the balance down to $44,232.31. Longggg way to go, but every little bit helps!

I went to the post office to mail a book and a package. $8.xx spent, and it was my only spending today. And I'm THIS close to finishing the credit union application. Hubby got his form notarized, I just need him to sign the application, which he'll do tonight. Everything else is ready to go.

No Ebay action on my listed items. Not surprised, few of the other listings of these same items had any activity. But they're listed for 10 days, so we'll see.

Bob B inspired me to check the daily amount of interest I'm paying. I pay approximately $14.16/day for my mortgage and $3.44/day for my HELOC. The mortgage doesn't bother me so much. I have a great rate (3 7/8%) for a 15-yr fixed, and it'll be paid off in Feb 2018. The HELOC rate is 2.74%. The balance has been out there for years and just needs to go!

3 Responses to “Extra $5.00 to HELOC”

  1. ThriftoRama Says:
    1326921063

    You'd be surprised how fast those little amounts add up. I did that for my student loans and managed to pay them off in 5 years!

  2. NJDebbie Says:
    1326922745

    I agree ThriftoRama! I've put as little as $7 towards the principal of our home mortgage. Every little counts.

  3. PauletteGoddard Says:
    1326927555

    Good going! I reduced my HELOC by a near-equivalent amount yesterday with the moribund interest garnered from my savings and money market accounts.

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