Comments on: Figure the interest http://www.gatherlittlebylittle.com/2009/06/figure-the-interest/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Sat, 21 Nov 2009 03:27:42 -0400 hourly 1 By: Bible Money Matters http://www.gatherlittlebylittle.com/2009/06/figure-the-interest/comment-page-1/#comment-1375 Bible Money Matters Thu, 11 Jun 2009 13:24:37 +0000 http://www.gatherlittlebylittle.com/?p=1666#comment-1375 Debt and interest have a way of really weighing you down - and it's amazing to look and see how much interest you're paying over the life of a mortgage, or even the life of a car loan. It's a lot more than you probably think it is! We're trying now to stay away from debts of pretty much every kind, and right now we're blessed to only have mortgage debt. we're hoping to get that paid off sooner than the 27 years that are left on the note as well. We want to get that debt monkey off of our backs completely! Debt and interest have a way of really weighing you down – and it’s amazing to look and see how much interest you’re paying over the life of a mortgage, or even the life of a car loan. It’s a lot more than you probably think it is!

We’re trying now to stay away from debts of pretty much every kind, and right now we’re blessed to only have mortgage debt. we’re hoping to get that paid off sooner than the 27 years that are left on the note as well. We want to get that debt monkey off of our backs completely!

]]> By: Miranda http://www.gatherlittlebylittle.com/2009/06/figure-the-interest/comment-page-1/#comment-1374 Miranda Thu, 11 Jun 2009 13:01:33 +0000 http://www.gatherlittlebylittle.com/?p=1666#comment-1374 I stopped thinking about a primary residence as an "investment" a loooong time ago. The interest you pay often overcomes the appreciation on the home. I just consider my home a long-term purchase -- one that has intangible benefits that don't always have something to do with money. I stopped thinking about a primary residence as an “investment” a loooong time ago. The interest you pay often overcomes the appreciation on the home. I just consider my home a long-term purchase — one that has intangible benefits that don’t always have something to do with money.

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