Tuesday, 27 November 2007

Do you know how much of your house you own?

House mortgage is one of bigger, if not the biggest, debts that most people get into. While reading the other blogs, I came across a chart at JosephSangl.com that shows how much of the house you own. Instead of a charting the amount left to be paid against time, an outline of your house is slowly filled in to indicate how much of it you own. As your payment gets better, the more of the house is filled it.

I am planning to do this as well, use green for bits of the house that we own and red for the house the bank owns.

It certainly put your house payments into perspective! Incredibly motivating.

1 comment:

Joseph Sangl said...

Thanks for the link! I like your idea of coloring in the bank's section with red!