Comments on: How I Knocked 5 ½ Years off my Loan and Saved $12,000 http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/ Learn how to live on one income. Discover how to effectively use coupons, download free budget templates, and learn how to make extra money online. Sat, 12 May 2012 21:06:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Damon Day http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-5145 Damon Day Tue, 14 Jun 2011 13:03:03 +0000 http://cooltobefrugal.com/?p=231#comment-5145 Hey Cathy, I can definitely relate to the necessity to be frugal. We had our first child almost 5 years ago now, and we made the decision that my wife would quit working and stay with what is now 2 boys. I earn a good income, but when you are used to living on two, it definitely takes some modifications to the lifestyle. My father had several boats when I was growing up and he would always say that the two happiest days of boat ownership is the day you buy it and then the day you can get it sold :-) Those words of wisdom never led me to a desire to buy a boat, but just make friends with someone that has one, and pitch in some money if they take you out in it :-) Best of both worlds that way. This is my first time on your blog. Great info and layout, keep up the great writing. I will catch up with you on twitter. Hey Cathy,
I can definitely relate to the necessity to be frugal. We had our first child almost 5 years ago now, and we made the decision that my wife would quit working and stay with what is now 2 boys. I earn a good income, but when you are used to living on two, it definitely takes some modifications to the lifestyle.

My father had several boats when I was growing up and he would always say that the two happiest days of boat ownership is the day you buy it and then the day you can get it sold :-)
Those words of wisdom never led me to a desire to buy a boat, but just make friends with someone that has one, and pitch in some money if they take you out in it :-) Best of both worlds that way.
This is my first time on your blog. Great info and layout, keep up the great writing. I will catch up with you on twitter.
Damon Day´s last [type] ..Consumers in Debt are easier to Scam!

]]> By: Can You Really Make Money Taking Online Surveys? http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-1577 Can You Really Make Money Taking Online Surveys? Sun, 07 Nov 2010 18:40:23 +0000 http://cooltobefrugal.com/?p=231#comment-1577 [...] Pay down debt [...] [...] Pay down debt [...]

]]> By: Financial Samurai http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-755 Financial Samurai Mon, 02 Aug 2010 04:44:49 +0000 http://cooltobefrugal.com/?p=231#comment-755 Do you mind posting some pictures of your boat, or some pictures of the sea when you were on your boat? I wanna see! Do you mind posting some pictures of your boat, or some pictures of the sea when you were on your boat?

I wanna see!
Financial Samurai´s last [type] ..Feeling Like A Burden Is A Terrible- Terrible Thing

]]> By: Rachel http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-262 Rachel Wed, 14 Apr 2010 07:31:52 +0000 http://cooltobefrugal.com/?p=231#comment-262 Maybe I'm the only one who didn't know this, but did you know that when they receive your payment determines how much interest you pay that month? I have been looking at our bank statements for our auto loans, and I noticed that when I have paid our car payment a week early, for instance, I've saved as much as $50 on interest that went towards the principal instead. What's up with that!? The same is true for our daughter's student loans. Don't wait until your loan payments are due...pay them as soon as you have the money to pay them. It can save you hundreds of dollars or more a year! Maybe I’m the only one who didn’t know this, but did you know that when they receive your payment determines how much interest you pay that month? I have been looking at our bank statements for our auto loans, and I noticed that when I have paid our car payment a week early, for instance, I’ve saved as much as $50 on interest that went towards the principal instead. What’s up with that!? The same is true for our daughter’s student loans. Don’t wait until your loan payments are due…pay them as soon as you have the money to pay them. It can save you hundreds of dollars or more a year!

]]> By: What is Your Vision for Retirement? : Cool to be Frugal http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-113 What is Your Vision for Retirement? : Cool to be Frugal Sat, 20 Mar 2010 16:22:39 +0000 http://cooltobefrugal.com/?p=231#comment-113 [...] I’ve been so preoccupied with our short-term goals of building an Emergency Fund and paying off debt this past year that I’ve given little thought to our retirement. But as a member of the Yakezie [...] [...] I’ve been so preoccupied with our short-term goals of building an Emergency Fund and paying off debt this past year that I’ve given little thought to our retirement. But as a member of the Yakezie [...]

]]> By: Yakezie Carnival #3: Benefits Edition | Sweating The Big Stuff http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-89 Yakezie Carnival #3: Benefits Edition | Sweating The Big Stuff Sun, 14 Mar 2010 11:13:44 +0000 http://cooltobefrugal.com/?p=231#comment-89 [...] Cool to be Frugal presents Should I Put My Emergency Fund into a Roth IRA? [...] [...] Cool to be Frugal presents Should I Put My Emergency Fund into a Roth IRA? [...]

]]> By: Mrs. Frugal http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-85 Mrs. Frugal Sat, 13 Mar 2010 17:24:11 +0000 http://cooltobefrugal.com/?p=231#comment-85 Thanks MFO. No doubt with your focus and dedication you'll reach your goals AND exceed them! I really like your site and especially the graphics. (I love charts!) With our revised plan I think we're going to pay off our loan in less than 3 years. We've even had someone we trust approach us to rent it for $300/day. That will help us pay it off even faster. In the meantime we'll just enjoy it. In the spring/summer it's our primary activity. My husband and I both love to wakeboard and wakesurf and hopefully our son (due in May) will like it too! Thanks MFO. No doubt with your focus and dedication you’ll reach your goals AND exceed them! I really like your site and especially the graphics. (I love charts!)

With our revised plan I think we’re going to pay off our loan in less than 3 years. We’ve even had someone we trust approach us to rent it for $300/day. That will help us pay it off even faster.

In the meantime we’ll just enjoy it. In the spring/summer it’s our primary activity. My husband and I both love to wakeboard and wakesurf and hopefully our son (due in May) will like it too!

]]> By: myfinancialobjectives http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-82 myfinancialobjectives Sat, 13 Mar 2010 05:35:34 +0000 http://cooltobefrugal.com/?p=231#comment-82 First of all, that's awesome that you have a boat for wake boarding, I love wake boarding. Now back on topic. A lot of people probably don't evaluate how much big ticket items will actually cost them like you did. I'm guessing if more people did that, there would be a lot more stories like yours! I know I am employing the same plan but with my student loans. Impressive ways to come up with the extra money, though I don't know if I could do without my data plan. I use GPS and Shazaam all the time! First of all, that’s awesome that you have a boat for wake boarding, I love wake boarding.

Now back on topic. A lot of people probably don’t evaluate how much big ticket items will actually cost them like you did. I’m guessing if more people did that, there would be a lot more stories like yours! I know I am employing the same plan but with my student loans.

Impressive ways to come up with the extra money, though I don’t know if I could do without my data plan. I use GPS and Shazaam all the time!

]]> By: Combat the Closing Techniques – Fulfill Your Dreams Close « Eliminate The Muda! http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-81 Combat the Closing Techniques – Fulfill Your Dreams Close « Eliminate The Muda! Fri, 12 Mar 2010 16:02:49 +0000 http://cooltobefrugal.com/?p=231#comment-81 [...] How I Knocked 5 ½ Years off my Loan and Saved $12,000 by Cool to be Frugal [...] [...] How I Knocked 5 ½ Years off my Loan and Saved $12,000 by Cool to be Frugal [...]

]]> By: Mrs. Frugal http://cooltobefrugal.com/how-i-knocked-5-%c2%bd-years-off-my-loan-and-saved-12000/comment-page-1/#comment-80 Mrs. Frugal Fri, 12 Mar 2010 13:18:29 +0000 http://cooltobefrugal.com/?p=231#comment-80 Ah yes, sell the boat. I would do that in a heartbeat. Unfortunately values have tanked and we owe much more than we could sell it for. So for now we can only focus on aggressively paying it down and then evaluate once we're close to current market value. Ah yes, sell the boat. I would do that in a heartbeat. Unfortunately values have tanked and we owe much more than we could sell it for. So for now we can only focus on aggressively paying it down and then evaluate once we’re close to current market value.

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