Potential big moves coming soon...

Well, for me/us anyway. First off, something maybe we should have done originally or whatever, is pay the car off. About 16k to go so we're just going to do it. We're doing better in savings than we're paying for the car, but just getting that out of the way will be a good thing. That frees up 700 bucks a month we've been paying on the car (payment is about 430 but I've been putting in extra). Secondly, and the reason we're paying off the car, is we're seriously considering refinancing to a 15 yr fixed. This may be a HOOOOOOOOGE move for us and we'll have to tighten up the finances if we do. We could potentially pay a point or two and get a fantastic rate. We'll have to see what the payment will look like and if it seems like it's something we can do. If we can (we also have plenty of savings to lean on during tough months), this will be a nice "auto-saver" for us. We're doing interest only now and I hate that we're not paying down the principal. When we secured the loan, we just wanted the cheapest payment we could get because at the time the market was hot and we were thinking we'd move to a newer/bigger house within the next 3-5 years. Well, the market is cold, the new houses we were looking into aren't going to be built for a while so we may be here for a few more years than we originally expected (fine by me). We'll see what happens, but knocking down that principal - especially with a 15 yr loan - would be great. We'll see what happens. I HATE having close to a half million dollar mortgage.

In other financial news, I'm reading Rule #1 by Phil Town. I haven't gotten too far into it yet, but if I can learn something from this and put it into action, I'll be pretty happy. ESPECIALLY if I make money...that's always nice :)

Hopefully a review on the book will be coming in the next month. I may have to use some play money to get started using his strategies because I'm so green when it comes to investing.