Dreaming - The first thing you'd do.

**ladykemma2** · 07-21-2010, 10:50 AM

Originally Posted by nodmicks

Gosh, I don't know! The actual mortgage part of our mortgage payment is only $370 a month. The taxes and ins are higher than the mortgage monthly .

An extra $370 a month won't make us rich but it would sure help fund our under funded retirement more as we are trying to catch up

yeah this

for me it was only an extra 400 a month. that's it.

the house payment was roughly 1000 of which 500-600 was taxes and insurance. i thought it was the holy grail but it wasn't. i think that's why he has it as step 6 because, frankly, it is a real let down.

my taxes and insurance currently are 598 a month, sinking funded.

but there is a real nice sense of security...

**KeithBC** · 07-21-2010, 11:12 AM

I had my mortgage burning party a few years ago. I saved the extra money for a year, then took a year off. Now I work part-time.

**Kyn** · 07-21-2010, 11:24 AM

I would cry-tears of happiness. Then celebrate by saving up for something I have wanted-a trip, piece of furniture. And of course call Dave Ramsey!

**Bobby Rodgers** · 07-21-2010, 06:07 PM

Probably vacation or put the extra money to the kid's college.

**Pemberleyan** · 07-21-2010, 09:19 PM

Well, we'd probably just try to put more in savings.

We paid off our mortgage a few years ago and had no debts for a while, but recently purchased a used car, so we now have a payment again.

**Nana2two** · 07-21-2010, 10:23 PM

For me i would be Thanking God for making it all happen, Then i would plan a small party.

**Gabe** · 07-21-2010, 10:31 PM

Max out the credit cards? *JK*

lol

**riaketty** · 07-22-2010, 08:56 PM

Renovate the kitchen. Frugally. Paint the cabinets, get a new fridge as ours is 10% away from death, put new flooring into both bedrooms.

And have a small f-the-mortgage party. But my in-laws are actually our mortgage 'bank', it's a land contract type thing, so... maybe not.

**mauimagic** · 07-22-2010, 10:07 PM

I would love to travel to Scotland with my family.

**frugalwarrior2** · 07-22-2010, 11:30 PM

wow that would give us $3000. a month extra. I would catch up the retirement fund and squirrel away savings. Then maybe bump the house back 12' and make a proper kitchen w/ good storage and an island.
Or if the economy ever gets better SELL. Prob. not.