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Pretty compelling reason to save $1,500 a year

$32,489.00 = the total amount you'll save in mortgage interest if you make one annual extra payment of $1,500 on a 25-year $300,000 fixed-rate loan at five per cent. Source.

OMG. Think about it - just breaking it down by month-by-month at $125 a month should make this totally do-able. That's actually $4.10 a day, or, the latte factor. Sobering, huh?


creditcardassist said...

Saving money for things I really want is so much more fulfilling than making impulse purchases on a credit card.

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