My husband and I have five children. I am a stay-at-home mom. We barely survive on his income alone. I recently started actually paying attention to our loan statements and found that an extra small monthly or fairly large yearly payment can cut up to a whole year off the life of a loan. Better than blowing our income taxes! We are also paying off our mortgage in ten years instead of fifteen by making bi-weekly payments instead of monthly ones. The extra towards principal really helps. ... View related article.
