Here’s how things now look for us:
CASHNothing too exciting here. I expect our cash balance to hover here until I get my annual bonus in a few weeks and we decide whether to boost our cash or put it all towards our mortgage.
Despite what the monthly change looks like, our investment accounts did go up in November. During the month, we cashed out around $53k of investments and put it all towards our mortgage. Our overall allocation stayed about the same since what we sold was roughly the same allocation as everything else. This wasn’t really a market timing attempt, but December’s market is making it look like good timing.
I can’t tell you how exciting it is for me to see our mortgage drop below $100k. We still won’t be able to completely pay it off until 2020 but that’s more than a year sooner than what we had been thinking.
Our mortgage balance went down by $57k in November; $53k from moving money from our investment accounts, $3k from our normal monthly payment, and $1k that we were able to add to our normal payment from our other cash flows. Moving money from our investment accounts is something we’d considered in the past, but decided to do after talking it through during our Thanksgiving road trip to visit family. This brings our total principal reduction in 2018 to just over $99k with our new expected payoff in 2020.