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Do You Calculate For Fun?

February 18th, 2010 at 02:19 pm

Yes, I do. I calculate things for fun. It can be inspiring and upsetting, but it is mostly just for fun.

Recently, I decided to calculate how quickly we could pay off ALL of our debt. This would include the home equity loan, our van loan and our mortgage.

I made some assumptions in our calculations. That we wouldn't save for college. That we aren't moving. That nothing unexpected would happen. Remember this is just for fun. I also assumed we wouldn't sell the car and purchase my husband a truck.

So, how long? You want to know, right? Just under 4.5 years! OMG! I couldn't believe we could achieve that so quickly. Turns out that would be just before my oldest daughter graduates high school and heads of to college.

The calculations get you thinking. Would this be a worthy goal? Is it possible? Do we want to have our mortgage paid off while we put two kids through college? It sounds like a nice idea.

I highly recommend calculating for fun. It opens doors of possibilities. At least for me!

Posted in Family | 8 Comments »

8 Responses to “Do You Calculate For Fun?”

  1. monkeymama Says:
    February 18th, 2010 at 04:27 pm 1266510477
    1266510477

    Actually, my resistance to early mortgage payoff is tying up the cash for years, if not DECADES, in the interim.

    I personally think it is worth it, if it is possible to do under 5 years. (Depending on your age and other assets, anyway). For us, we don't prepay a dime today, but I would put 100% of my spouse's salary when he returns to work, to knock it out in a few years. Of course, college is very inexpensive here. So it's not a big savings goal for us.

    & yes - I do calculate for fun. But get paid to do so, too! Big Grin

  2. thriftorama Says:
    February 19th, 2010 at 12:35 am 1266539743
    1266539743

    I totally do that for fun. I use bankrate.com's calculators. It's how I was able to pay off my student loan--finally.

  3. nmboone Says:
    February 19th, 2010 at 01:27 am 1266542857
    1266542857

    I love calculating at bankrate!

  4. homebody Says:
    February 19th, 2010 at 03:37 am 1266550667
    1266550667

    Yes I am easily amused. Saw the accountant today, can't wait to get the K-1s to him so we can figure out what we owe/get back??

    This is my first year not being self-employed (no home office deduction) and it should be interesting to see how we did in the tax department.

  5. baselle Says:
    February 19th, 2010 at 07:19 am 1266563999
    1266563999

    I use Excel for entertainment purposes all the time! Smile

  6. Petunia Says:
    February 19th, 2010 at 01:50 pm 1266587413
    1266587413

    I think there are a whole lot of us here who get a geeky thrill from calculating!

  7. paulettegoddard Says:
    February 20th, 2010 at 01:02 am 1266627764
    1266627764

    I calculate for fun. Any math-oriented activity usually fires my happiness neurons. I have a spreadsheet tracking home mortgages, and another weighting the investment quotient of several equities. I am even looking forward to doing taxes. My kid even calculates for fun.

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