I’ve always felt … oddly grateful toward my mortgage.
I feel much better about making mortgage payments every two weeks than I ever did about paying rent. My mortgage is a means to an end: better health, quality of life, stability (and peace of mind). And one day it will be gone, gone, GONE.
But it does weigh on me sometimes.
I recently got my 6-monthly mortgage statement. Since buying my house in March I’ve paid off $6574 of principal. Sweet! But nearly half of that was extra repayments, which I made straight to principal. Eeesh.
Much as I want to throw everything at it, though, there are other things I want to do in life. Like modernise my 1960s kitchen, for starters, and invest regularly (outside of KiwiSaver, that is).
I’ve always been terrible with balance, and balancing my mortgage against other financial priorities is probably going to be an ongoing struggle.