This year has been a good year for making some progress on paying down our mortgage. I was able to pay an extra $110 a month on the principal, and our credit card cash back goes directly toward the mortgage principal (both with same bank – Wells Fargo) and this year that amount was $225. So in total we reduced the principal by $1,545 – more than 2 extra monthly payments!
As I mentioned in an earlier post we are trying to refinance into a 20 year mortgage (currently have a 30 year mortgage). If successful, and I think we will be, I will continue to pay some extra each month, although not to the extent we have this year. But every little bit helps!