Thinking of Someday

Making Someday A Reality

  • Start Here
  • About
  • Topics
    • Personal + Finance
    • Life + Home
    • Success Stories
    • Blogging
  • Resources

The Best Money We Ever Spent: Our Debt Free Wedding Story

March 20, 2017 By Kim

Since it’s the first day of spring and officially wedding season, I figured I would share our debt free wedding story. Weddings can be very expensive and time-consuming to plan. However, anything is possible when you put your mind to it. We actually planned our wedding ourselves (of course I did most of the legwork) and decided early on that we didn’t want to go into debt to have our wedding. We used the budget tool on Wedding Wire to help us stay organized when it came to our budget. And we used Google to find most of our vendors.

The Best Money We Ever Spent: Our Debt Free Wedding Story

Typically people set their budget for a wedding first and then find vendors that they can afford. However, I decided to work a little backwards after seeing how much weddings cost in 2011 when we were planning. The average cost for a wedding at the time was $27,021, which we could not fathom paying.  I started by researching how a wedding budget would be broken down based on how much you wanted to spend. I came across a website which had wedding costs broken down by spending $5k, $10k, $15k, etc. It was then that we realized that with our large families and to include everything we wanted it wouldn’t be possible to have a $5k or $10k wedding.

Luckily, we had almost a year from the time we got engaged to save for our wedding.  We opened a joint account and saved like crazy. It’s probably not recommended to have a joint account if you’re not married, but we trusted each other. We did discuss how we would go about separating the money if for some reason we didn’t get married and parted ways.  It would’ve been fairly easy to figure out how much each of us contributed to the account because although we were doing separate budgets at the time, we would share our budgets with one another so that we could see how much the other was able to save from each paycheck.

Once we saved a good amount of money we decided that it was time to start booking our vendors and buying things for the wedding. As we got closer to our wedding date and down to the wire with saving, I suggested we get a credit card with a small limit just in case we needed more money. At this point, neither of us had any credit cards because we each paid them off and canceled them.  So Omar got a credit card in his name, and we both agreed that we would only use it as a last resort.

We’re definitely proud to say that we did a good job staying within budget although it was challenging at times (and no we did not use the credit card at all). So without further adieu, everything is detailed below in regards to the best money we ever spent… Our Debt Free Wedding Story.

The Venue

We looked at several venues, but when we did a tour of the Old Courthouse on the Square, we knew it was the place for us. We loved the architecture of the Courthouse and how the color scheme of the Courthouse went along with the colors of our wedding, which was gray and yellow. Although I really loved the courthouse as a venue for our wedding I was having a hard time parting with our money to book it. A deposit was required and it was non-refundable. This is really why I was hesitant to book it. It seemed like so much money ($600) just in case something didn’t work out. However, my hesitancy paid off because we ended up waiting until the end of the year to book them, and low and behold they were having an end of the year sale! This saved us $200.

Another way we saved money on the venue is by having our wedding on a Thursday.  Saturday is the most popular day of the week to have a wedding, followed by Sunday and Friday. However, if you can be flexible with the day of the week you choose to get married, then you might be able to save some money as well.

Choosing to have our wedding at the Courthouse also saved us money because they allowed us to provide our own liquor, beer, and wine. We contemplated not serving any of the above at our wedding because that alone can cost thousands of dollars. However, by being able to provide our own alcoholic beverages we definitely saved a lot. That part of our wedding only cost $724.46. The catering company provided the bartenders, and the Courthouse required us to have a police officer during the time that alcoholic beverages were being served, which was an additional cost.  

gray and yellow wedding
Photo Credit: Sophia Barrett Studios

The Photographer

One of my favorite vendors from our wedding was our photographers, Sophie and Derrick. When we met with Sophie she was very thorough and honest about not being in the business very long (at the time). By them being newer this helped us to save money yet again. However, you wouldn’t have guessed they had only been doing it for a year because our pictures turned out great! 

We were very realistic in what we could afford and what we wanted in terms of photography for our wedding. I love having pictures because at the end of the day all you have left are your memories. However, I wanted to make sure that we stayed within our budget. Instead of choosing one of the more expensive packages offered, we chose one that we could afford at the time.

Initially, we chose not to get a wedding album with our package. We figured this was a way to cut costs. Big mistake! After seeing a sample album and seeing our own wedding pictures… I just had to have one! So we lost a little money by not including a wedding album with our original package. So please take my advice – get your wedding album! You won’t regret it. I still look at my wedding album from time to time and the memories come flooding back! 

The DJ

Our DJ, DJ Battle, was actually the first vendor that I came across about a year before our wedding when we had thought about trying to get married in 2011, but it was just not working out with the way our money was setup! Luckily he was still available, and yet again we received another discount for waiting until the end of the year to book him when he was having a special promotion.  He was the only DJ that we interviewed, just like most of the vendors for our wedding.  It is definitely not recommended to only interview one person for each type of vendor that you want, but all of our vendors were just that great!

Once DJ Battle found out that we were planning our own wedding, one of the most valuable pieces of information that I received came from him. He told us that even if we’re planning our own wedding we at least needed a day of coordinator. That way our sole focus would be enjoying our wedding day instead of having to worry about any mishaps that arose. I’m not exactly sure how much wedding coordinators cost, even if just for the day. However, we were able to save some money on this by having our sisters-in-love be our day of coordinators. Just a word of caution, this was only able to work for us because they regularly plan and host events.  Therefore, I knew that they would be perfect for it and do a good job as well.  

The Caterer

Our caterer was Soiree and was a preferred vendor for our venue.  We could’ve chosen a vendor not on their list, but then we would’ve had to pay an additional fee. So why pay any extra if we didn’t have to? 

In regards to our budget, we loved how they broke down the price list of every single thing. There was no doubt of where our $7k went. This is where the biggest chunk of our money went and the cost was directly related to the size of our guest list.  Since we both have pretty big families we decided we would have an adults only wedding unless the kids were a part of our bridal party. Soiree did a fantastic job on the food; there are some people who still talk about it to this day.

Since our wedding and reception were at the same place, Soiree was in charge of flipping the room from ceremony setup to reception setup.  We had a cocktail hour so that we could take pictures and give Soiree time to flip the room for the reception.  This was already included in the price for them.  It was like a one-stop shop!

our debt free wedding story

The Officiant

Rev Dawn of Seventh Sense was our officiant. I found her online as well. Omar was a little hesitant at first to use her because he wanted a guy for the premarital counseling so that he could “have someone on his side”. Lol. I told him that shouldn’t matter if we were choosing a neutral person. And we’re so glad we chose her. She was so sweet! She did our premarital counseling, which is something we highly recommend for anyone thinking about getting married.  We have even seen her after our wedding just as a tune-up for our marriage.

The Dress 

It did not take me long to find my dress. I already knew what I wanted. I went to one bridal store with my mom and tried on a few dresses, but none of them felt like “the one”. So I made an appointment for David’s Bridal and took my mom and two Matron of Honors with me. We pulled several different types of dresses, and after only 3 tries I found my perfect dress!

My dress was a Galina Signature design. It was actually discontinued so I had to have it ordered from another David’s Bridal in another state. The good thing about that is I got a really good deal on the dress. I believe the original price was $1,000+, but I only paid $399 + taxes!

The Florist and The Centerpieces 

Flowers for weddings can be very expensive. We did not want to spend money on a bunch of flowers that were going to die. Or at least this is what I told myself so that I couldn’t justify increasing the budget for flowers. So we had to make the tough decision of hiring a florist for some things and DIY’ing it for others. Our bouquets, boutonnieres, “alter” arrangement and flower petals for the flower girls came from a florist. The centerpieces were a different story.

One of the most challenging things was deciding on the centerpieces for the reception tables.  After brainstorming for a while, I decided we would do the centerpieces ourselves to save some money. We bought the vases and table number holders from Ikea. The preserved billy buttons came from afloral.com. We bought the lemons from our local farmer’s market. And I found a vendor on etsy.com to make our table numbers. In the end, it was nice seeing everything come together and knowing that we planned everything and made our own centerpieces!

gray and yellow wedding

The Videographer

Although it would have been nice to have D&R Films record everything during the day of our wedding, it just wasn’t in our budget.  We were able to save some money by having them record our ceremony up until our first dance.  

Our Favorite Part of the Day

Our favorite part of our wedding day was the First Look. Originally, Omar was against doing the First Look. He said he did not want to do it because he felt that it would ruin the moment of seeing me come down the aisle. However, when we met with Sophie she asked if we would be doing a First Look. She shared her own experience and just from that alone Omar was sold on the idea.

We enjoyed the First Look because it allowed us to be able to see each other before the wedding without having to wait all day until the time of the ceremony. For those that are hesitant about a First Look and if it will ruin anything, we personally do not feel so. We both cried doing the First Look, I cried before walking down the aisle, and then I cried during the ceremony! The First Look only made us feel better about the evening ahead.

First Look

Our Budget

Our wedding budget did include things that people don’t usually include in their wedding budget.  For example, our clothes for our engagement pictures; paying for my mom’s and niece’s dresses; the marriage license; getting my hair done; and gifts for each other, our parents, and our bridal party just to name a few.  However, I liked that we included these things in our budget because we had to pay for it, and it was related to the wedding.  Also, this helped us stay within budget since there weren’t any “surprise” costs along the way. Our grand total was $22,650.11, which was actually under budget by $547.13.  Hey… every little bit counts!

wedding budget chart

Final Thoughts

In the end, we absolutely enjoyed our wedding day (and definitely appreciate our vendors who helped to pull everything off).  Regardless of if you choose to get married at a courthouse or have an all-out extravagant affair, make sure it’s about you and your soon to be spouse. It should be whatever the two of you want and can afford because ultimately the wedding lasts just a day, but the marriage will last a lifetime <hopefully>.

Vendors

Photography: Sophia Barrett Studios | Venue: Old Courthouse on the Square | Caterer: Soiree Catering and Events | Cake: Celso’s Cakes | DJ: One Sound and Entertainment | Officiant: Rev Dawn | Wedding Dress: David’s Bridal (designer – Galina Signature) | Bridesmaids’ Dresses: designer – Bari Jay | Tuxedos: Men’s Warehouse (designer – Calvin Klein) | Videography: D&R Films | Florist: Atlanta Wedding Flowers | Save the Dates and Wedding Programs: Magnet Street  | Wedding Invitations: Sophia Barrett Studios | Jewelry: Solomon Brothers Fine Jewelry | Makeup: Rahle Barrett

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Related

Filed Under: Life + Home Tagged With: debt free accomplishments, life tips, newlyweds

See what’s happening on Instagram…

thinkingofsomeday

TL;DR: We didn’t get where we are today without TL;DR: We didn’t get where we are today without being consistent and intentional about our money decisions once we decided enough was enough. And it definitely didn’t happen overnight as you can see from the YEARS on the timeline (12-13 years actually). It was a process and complete mindset shift. Every event that’s listed on the timeline is something that we talked about in depth and came up with a plan to execute when it was necessary.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Timeline Overview:
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• started with budgeting (even before marriage)
 •made the decision to lead a debt free lifestyle, starting with our wedding
• paid off all debt
• bought a house that was likely waaaay less then the bank would’ve approved us for
• saved up a 6+ month EF
• started investing again
• when my dad passed we decided to put the money in an inherited IRA instead of cashing it out (probably one of the single best money decisions we’ve ever made next to deciding to budget)
• saved for and almost paid cash for our SUV (we both had coupes when we had our first child; up until he was 1.5)
• over time, cash flowed all of our home updates (and it’s been a lot of them; maybe I’ll share about them one day)
• realized it was best for us to refinance to a 15 year mortgage and eventually pay it off sooner, and even faster by cashing out RSUs
• paid off mortgage and made first contribution to brokerage account the next day
⠀⠀⠀⠀⠀⠀⠀⠀⠀
And that’s it. That’s our financial timeline and how we got to where we are today. Budgeted, calculated, and intentional decisions.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
What’s next? To be continued... #thislifeafterdebt
No long caption. I just wanted to make our last “mortgage principal payoff” calendar update. 😆 It’s been a month and it still feels surreal to us...
On Christmas Eve morning, Omar left out of the bed On Christmas Eve morning, Omar left out of the bedroom saying that he had to go work on something. When he came back he handed me a letter that said:
⠀⠀⠀⠀⠀⠀⠀⠀⠀
“As I sit here on the edge of paying our home off I understand that it isn’t completely about us. Our job is to set the next generation up to do better than us, which makes me think of the generation before me. This final payment would not be possible without [Kim’s dad]. He spent his life working for this money and passed away before he got to use it for himself. We agreed to use that money in a way that would always honor him. So for the past 6 years it has funded our oldest son’s 529 [via the minimum required distribution]. Today, that money has grown enough to pay off our mortgage without touching the initial principal. Today we sever ties to debt forever. Today, we say thank you to [Kim’s dad] for the sacrifices he made and the foundation he laid that made it possible. THANK YOU!!”
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Of course after l finished reading the letter I was like... 🥺😭. Truth be told, I still kind of feel that way. It’s part of why it took so long to share the details of paying off our mortgage. Losing a parent is hard.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Pictured is my dad and I... my favorite picture of of us. He passed away 6 years ago on NYE. He was only 62. After he passed, I found out I was “entitled” to receive part of his pension. Omar and I decided to use some of this money to pay off our mortgage. This is how we were able to pay off most of our $54k balance 7 days into this year.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
This is the short version, but if you want the full details, we wrote a blog post sharing:
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• a recap of our initial mortgage payoff plan + payoff journey
• some background info about the pension + how we almost cashed it out when we first found out about it
• the breakdown of the $$ that it took to make this happen + why we did it this way
• how some things didn’t go as planned
• and each of our thoughts in regards to all of this
⠀⠀⠀⠀⠀⠀⠀⠀⠀
You can find the link in our bio.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
“In all that I do, I strive to make my parents proud. I like to think my dad would be damn proud of me... of us, for this one.” Kim #piecesofsomeday
#tbt To last Thursday (1/7/2021) when we became mo #tbt To last Thursday (1/7/2021) when we became mortgage free!! Yes, you read that correctly! We are 100% debt free! Like debt free, debt free. 🤣
⠀⠀⠀⠀⠀⠀⠀⠀⠀
To be honest, it’s been a week and it still doesn’t feel real to us yet. But it was real watching that money disappear from our account and no longer seeing our mortgage balance when we signed into our credit union account. We must say, our credit union works pretty fast! Lol.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
We didn’t even get around to sharing our mortgage payoff goal for the year with one of the little cute pictures explaining how we were going to do it. But here’s a quick recap of the numbers that we were working with...
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• mortgage principal: $54,507.37
• mortgage interest: $35.84
• reconveyance fee: $69.00
• paying off our mortgage... definitely not priceless, but oh so worth it!! 😂🙌🏽
⠀⠀⠀⠀⠀⠀⠀⠀⠀
We’ll share more in depth details soon because you’re probably wondering how we came up with that amount of money 7 days into January. It definitely wasn’t from hitting the lottery! Lol. But until then, just know that...
⠀⠀⠀⠀⠀⠀⠀⠀⠀
WE’RE MORTGAGE FREE!!! #piecesofsomeday
So we took some Christmas / family pictures back i So we took some Christmas / family pictures back in 2020 (as if that was so long ago), but I never got to share them. 😩 So here’s one. I actually like the fact that it’s in front of our house. #piecesofsomeday
⠀⠀⠀⠀⠀⠀⠀⠀⠀
And I also wanted to add that we finally did another blog post after quite some time. Maybe we’re the world’s worst bloggers. 🤷🏽‍♀️🤷🏽‍♂️ But if you’re interested, we’re sharing a recap of quarter 3 and quarter 4 from our mortgage payoff journey. We’re also sharing what our mortgage payoff goal is for 2021. We’re a bit excited about it! You can check it out at the link in our bio.
2020. This has been a year that I’m sure none of 2020. This has been a year that I’m sure none of us will ever forget. While this year has been ok for us for the most part, there are many people that it’s been a really really tough year for. Whether it’s been financially, emotionally, health wise, etc. etc. etc. So here’s to hoping that next year will be much much better, for everyone, but especially for those who had a tough time this year. ✨♥️
We started 2020 off with owning 43% of our house a We started 2020 off with owning 43% of our house and we now own 69% of it. We had paid off 39% of the mortgage loan and we’re finishing the year out at having 66% of it paid off. (These 2 numbers are not the same for us because of our 5% down payment as well as when we refinanced to a 15-year mortgage.) It’s been really exciting to see these numbers increase this year.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
(Annnnnd this concludes our December numbers. I can’t believe I managed to share them all before the end of the year!! 😂)
Q4 was our best quarter by far, mostly due to the Q4 was our best quarter by far, mostly due to the RSUs that we were able to use. However, even if we hadn’t been able to use them, Q4 would have still wrapped up nicely thanks to us still being able to stick to our 70/30 plan.
For December we were able to color in 4 rectangles For December we were able to color in 4 rectangles. This puts our mortgage balance for the end of 2020 at $54,507.37.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• 132 rectangles total
• 88 rectangles colored in
• 44 rectangles to go!!
Follow Us

Comments

  1. Luke Hobby says

    March 20, 2017 at 11:24 am

    Another Good Read! My wife, Alex, and I looked at the average cost of weddings and went with eloping at the courthouse/jailhouse (the courthouse wasn’t open on Sundays so we went to the country jail and had a magistrate marry us for 75 bucks). Then did a brunch/pictures, afterwards with immediate family(s). It truly is a great feeling NOT starting a marriage with insane debt from a wedding!

    • Kim says

      March 20, 2017 at 2:11 pm

      Thanks! We debated doing a destination wedding or eloping as well. We could’ve saved the money and did something else with it, but we both agreed that no matter what we wouldn’t regret the amount of money we spent on our wedding. And so far, we still don’t regret it. But of course, we agree that it’s a great feeling to not start a marriage with debt from a wedding! I would advise anyone to do that.

    • Omar says

      March 21, 2017 at 8:29 am

      I completely agree! It’s awesome not having that debt. Instead, we can focus solely on the memories with out the debt payments bringing us down!

  2. Chad Belinfanti says

    March 20, 2017 at 1:20 pm

    great read… documentation down to the penny! Would you advise just delaying the wedding if there were additional things you wanted to do that just were not feasible in the time you had? Say you needed another 5k, 10k but wanted to still get married at a specific time?

    • Kim says

      March 20, 2017 at 2:18 pm

      I would absolutely advise delaying the wedding if someone needed that amount of money to move ahead. Our goal was a debt free wedding because no matter how good or bad our wedding turned out… I didn’t want to get bills in the mail later to remind me of how much our wedding sucked if it had turned out badly! And we actually did delay our wedding (our first date choice was Nov 2011) because we knew we wouldn’t be able to save the amount of money needed that fast.

    • Omar says

      March 21, 2017 at 8:35 am

      Kim and I completely agree here. As you can see it’s exactly what we did. Before we got married we drew a line in the sand agreeing that we weren’t going to go into debt(with the exception of buying our first home) anymore. Not for anything.

  3. Jessica Woodruff says

    March 20, 2017 at 10:04 pm

    Great read. The detail in your budget breakdown is amazing and will be totally helpful to someone ready to jump the broom. Lol! Based on the photos, it seems like the “amateur” photographer was definitely a great choice and I think I got teary-eyed from the “First Look” photos. This was awesome!

    • Kim says

      March 20, 2017 at 10:15 pm

      Lol. I can’t take all of the credit for the budget breakdown. That was all from Wedding Wire. Haha. But I do hope someone finds the information helpful if they’re planning a wedding. And yes, our photographers were definitely far from “amateur”. The first pic under the “first look” section is actually one of my favorite pictures. If you got teary-eyed from the picture, just imagine how I felt that day walking to see him for the “first” time! LoL.

    • Omar says

      March 21, 2017 at 8:37 am

      I cried like a baby at the First Look! I’d pay another 22K to marry Kim all over again! 🙂

  4. Paul says

    March 21, 2017 at 3:25 pm

    You guys really pulled this off. The way the wedding went I thought you had professionals doing the planning. One of the best wedding I have been to.
    I like you believe you should not go into a marriage with a debt like this.
    Love you both very much and thanks for sharing as I know a lot of couples will find this invaluable

    • Kim says

      March 21, 2017 at 5:47 pm

      Oh wow! Thank you, Uncle Paul! That’s a huge compliment. 😀 We shared because we hope that it’ll help someone, somehow. Thank you for taking the time to read. Love you too!

  5. Yvonne says

    April 7, 2017 at 11:56 am

    WOW!! Great read. What an amazing story …..The love and care for each other is so evident in the whole process. I know that God will bless you with many many many wonderful years together. Love you both!!

    • Omar says

      April 7, 2017 at 8:55 pm

      Thank you! It really was an awesome day!

  • Instagram
  • Pinterest
  • Twitter

Looking For Something?

Hey! We’re Omar + Kim.

A married couple making someday a reality all while balancing family + finances + avoiding debt. Find out more about us, here.

subscribe + receive post updates

See what’s happening on Instagram

thinkingofsomeday

TL;DR: We didn’t get where we are today without TL;DR: We didn’t get where we are today without being consistent and intentional about our money decisions once we decided enough was enough. And it definitely didn’t happen overnight as you can see from the YEARS on the timeline (12-13 years actually). It was a process and complete mindset shift. Every event that’s listed on the timeline is something that we talked about in depth and came up with a plan to execute when it was necessary.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Timeline Overview:
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• started with budgeting (even before marriage)
 •made the decision to lead a debt free lifestyle, starting with our wedding
• paid off all debt
• bought a house that was likely waaaay less then the bank would’ve approved us for
• saved up a 6+ month EF
• started investing again
• when my dad passed we decided to put the money in an inherited IRA instead of cashing it out (probably one of the single best money decisions we’ve ever made next to deciding to budget)
• saved for and almost paid cash for our SUV (we both had coupes when we had our first child; up until he was 1.5)
• over time, cash flowed all of our home updates (and it’s been a lot of them; maybe I’ll share about them one day)
• realized it was best for us to refinance to a 15 year mortgage and eventually pay it off sooner, and even faster by cashing out RSUs
• paid off mortgage and made first contribution to brokerage account the next day
⠀⠀⠀⠀⠀⠀⠀⠀⠀
And that’s it. That’s our financial timeline and how we got to where we are today. Budgeted, calculated, and intentional decisions.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
What’s next? To be continued... #thislifeafterdebt
No long caption. I just wanted to make our last “mortgage principal payoff” calendar update. 😆 It’s been a month and it still feels surreal to us...
On Christmas Eve morning, Omar left out of the bed On Christmas Eve morning, Omar left out of the bedroom saying that he had to go work on something. When he came back he handed me a letter that said:
⠀⠀⠀⠀⠀⠀⠀⠀⠀
“As I sit here on the edge of paying our home off I understand that it isn’t completely about us. Our job is to set the next generation up to do better than us, which makes me think of the generation before me. This final payment would not be possible without [Kim’s dad]. He spent his life working for this money and passed away before he got to use it for himself. We agreed to use that money in a way that would always honor him. So for the past 6 years it has funded our oldest son’s 529 [via the minimum required distribution]. Today, that money has grown enough to pay off our mortgage without touching the initial principal. Today we sever ties to debt forever. Today, we say thank you to [Kim’s dad] for the sacrifices he made and the foundation he laid that made it possible. THANK YOU!!”
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Of course after l finished reading the letter I was like... 🥺😭. Truth be told, I still kind of feel that way. It’s part of why it took so long to share the details of paying off our mortgage. Losing a parent is hard.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Pictured is my dad and I... my favorite picture of of us. He passed away 6 years ago on NYE. He was only 62. After he passed, I found out I was “entitled” to receive part of his pension. Omar and I decided to use some of this money to pay off our mortgage. This is how we were able to pay off most of our $54k balance 7 days into this year.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
This is the short version, but if you want the full details, we wrote a blog post sharing:
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• a recap of our initial mortgage payoff plan + payoff journey
• some background info about the pension + how we almost cashed it out when we first found out about it
• the breakdown of the $$ that it took to make this happen + why we did it this way
• how some things didn’t go as planned
• and each of our thoughts in regards to all of this
⠀⠀⠀⠀⠀⠀⠀⠀⠀
You can find the link in our bio.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
“In all that I do, I strive to make my parents proud. I like to think my dad would be damn proud of me... of us, for this one.” Kim #piecesofsomeday
#tbt To last Thursday (1/7/2021) when we became mo #tbt To last Thursday (1/7/2021) when we became mortgage free!! Yes, you read that correctly! We are 100% debt free! Like debt free, debt free. 🤣
⠀⠀⠀⠀⠀⠀⠀⠀⠀
To be honest, it’s been a week and it still doesn’t feel real to us yet. But it was real watching that money disappear from our account and no longer seeing our mortgage balance when we signed into our credit union account. We must say, our credit union works pretty fast! Lol.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
We didn’t even get around to sharing our mortgage payoff goal for the year with one of the little cute pictures explaining how we were going to do it. But here’s a quick recap of the numbers that we were working with...
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• mortgage principal: $54,507.37
• mortgage interest: $35.84
• reconveyance fee: $69.00
• paying off our mortgage... definitely not priceless, but oh so worth it!! 😂🙌🏽
⠀⠀⠀⠀⠀⠀⠀⠀⠀
We’ll share more in depth details soon because you’re probably wondering how we came up with that amount of money 7 days into January. It definitely wasn’t from hitting the lottery! Lol. But until then, just know that...
⠀⠀⠀⠀⠀⠀⠀⠀⠀
WE’RE MORTGAGE FREE!!! #piecesofsomeday
So we took some Christmas / family pictures back i So we took some Christmas / family pictures back in 2020 (as if that was so long ago), but I never got to share them. 😩 So here’s one. I actually like the fact that it’s in front of our house. #piecesofsomeday
⠀⠀⠀⠀⠀⠀⠀⠀⠀
And I also wanted to add that we finally did another blog post after quite some time. Maybe we’re the world’s worst bloggers. 🤷🏽‍♀️🤷🏽‍♂️ But if you’re interested, we’re sharing a recap of quarter 3 and quarter 4 from our mortgage payoff journey. We’re also sharing what our mortgage payoff goal is for 2021. We’re a bit excited about it! You can check it out at the link in our bio.
2020. This has been a year that I’m sure none of 2020. This has been a year that I’m sure none of us will ever forget. While this year has been ok for us for the most part, there are many people that it’s been a really really tough year for. Whether it’s been financially, emotionally, health wise, etc. etc. etc. So here’s to hoping that next year will be much much better, for everyone, but especially for those who had a tough time this year. ✨♥️
We started 2020 off with owning 43% of our house a We started 2020 off with owning 43% of our house and we now own 69% of it. We had paid off 39% of the mortgage loan and we’re finishing the year out at having 66% of it paid off. (These 2 numbers are not the same for us because of our 5% down payment as well as when we refinanced to a 15-year mortgage.) It’s been really exciting to see these numbers increase this year.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
(Annnnnd this concludes our December numbers. I can’t believe I managed to share them all before the end of the year!! 😂)
Q4 was our best quarter by far, mostly due to the Q4 was our best quarter by far, mostly due to the RSUs that we were able to use. However, even if we hadn’t been able to use them, Q4 would have still wrapped up nicely thanks to us still being able to stick to our 70/30 plan.
For December we were able to color in 4 rectangles For December we were able to color in 4 rectangles. This puts our mortgage balance for the end of 2020 at $54,507.37.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
• 132 rectangles total
• 88 rectangles colored in
• 44 rectangles to go!!
Follow Us

Contact Us                             Start Here 

 

About                                        Subscribe

Copyright © 2021 · Thinking of Someday · Terms of Service · Disclosure

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.