I don’t know why, but my finances seem simpler since I acquired the mortgage and that wasn’t even that long ago.
Maybe it’s because my budget has fewer line items now. The apartment buildings I lived in billed for each of the utilities separately. Rent for parking was a separate line too, so I had a gazillion lines in my monthly budget that actually just went out in one withdrawal to my apartment building:
- Apartment rent
- Parking spot rent
- Hot water utility
- Sewer utility
- Trash utility
- Utility administration fees
- Water utility
Now I have just three lines instead of seven:
- Mortgage payment (P&I) – monthly
- HOA dues – monthly
- Property taxes – yearly/semi-yearly
And in a few short years, I could have it down to only two.
Maybe it’s because I plan on putting all of my “savings” towards paying down the mortgage, so I don’t really have choices between the interest rates on various accounts or opening a CD. The only thing (about my finances) that I think about now is what my mortgage balance will look like at the end of the month.
Next up: find some new hobbies now that I’m no longer condo hunting. Dating sucks.