Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

Debt Update July 2021

Posted on | July 14, 2021 | No Comments

I’m continuing to chip away at my debt. Currently, I owe approximately $187,750 in combine mortgage debt with an average interest rate of 3.25%. I was considering refinancing the loans but the proposed interest wasn’t low enough for it to make financial sense to do so. I still want to get rid of the loans ahead of schedule so I’ll continue to pay down the principal on a monthly basis with dividends I receive from my Mortgage Payoff Fund.

Here is a chart of my debt balance this year:



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