I love this time of year!

Not only is Fall my favorite season, but this is the time of year that I look forward to extra cashflow. You know the time... the time when you've fully funded your 401(k) for the year, the time when your employer stops taking Social security taxes out of your paycheck (for those who fall into this category), and the time when you can look forward to comparing your annual performance to your goals. For me, this also means it's time to start paying down my mortgage with the extra cashflow. Since we have already met our net worth goals for the year, it only makes sense for us to start paying down the mortgage. Again, one of my goals is to retire with a fully paid-for home, and I know this is within reach.

My current mortgage payment is around $1790/mo (20 yr fixed @ 5.85%), and I was very pleased to make a whopping $4500 payment for November yesterday. Granted, some of this money was extra checking account build up, but the other funds came from extra cashflow as I described above.
(Image courtesy of tiarescott)