All our mortgage payments hit:
US: $713 to principal
UK1: $180
UK2: $38
UK3: $40
All told, that's $971 put toward debt.
Our debt now stands at:
US Mortgage $390,423
Loan from friends (duplex) $9,000
UK Mortgage 1 $33,213
UK Mortgage 2 $7,001
UK Mortgage 3 $7,373
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TOTAL DEBT $447,010
I was thinking the past few days: We're so close to our EF goal of $10K in the UK savings account. After that I'm going to start saving up spending money for our next UK trip. But now that it's happening later in the year than usual (we intend to fly there 12/26 or so), I know we'll save up more than we need for that.
I started to think maybe I should work on one of those smaller UK mortgages with the extra money. I could probably cut one of them in half before the end of the year even after funding our EF and our next vacay's spending money.
But then I thought, if we want to list the UK place this year, we might need money for sprucing it up. And even if we decide the market still isn't good, we may have maintenance costs that come up.
So now I'm leaning toward saving any extra money this year in a UK maintenance category. The interest rates on those debts are only about 1.4% anyway, so it's not like it's costing us much to carry them.
February 2018 debt payments and UK mortgage thoughts
February 2nd, 2018 at 02:39 pm
February 2nd, 2018 at 05:18 pm 1517591891
February 2nd, 2018 at 06:08 pm 1517594897
February 2nd, 2018 at 07:16 pm 1517598981
February 3rd, 2018 at 02:59 pm 1517669993
I probably shouldn’t change it now, since as you say so much is in flux in both countries. But that is very interesting.
February 3rd, 2018 at 10:17 pm 1517696277