Almost there...

Thursday, September 23, 2004

Keep Breathing

I just made my first house payment. It's larger than one of my paychecks, and I only get two a month. This house thing is scary. My bank account is not shiny, even after the raise. Poof! Gone in an instant. Buh-bye.


  • Remember though that a part of that payment is equity and goes toward paying off your house. It goes toward another house or loaned against(small at first, but it's gets bigger).

    The interest portion is tax deductible, so some of it comes back in the form of a larger than before refund.
    (as well as certain improvement for the house)

    By Blogger Chris S, at 12:15 AM  

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