Wednesday, January 22, 2020
Mortgage
I received a letter from the credit union that has carried a mortgage backed line of credit for me for several years. I used it to provide an extra fund in case of emergencies and used it now and then. As a result of selling several rights of way to my property in Duchesne and receiving back payments for support payments during the months that Eliza was acting as her father's executor I had enough to put together a savings account of more than $20,000. In the fall of 2018 I purchased the Acura from Mary and had some work done on the car, reducing my savings to around $10,000. I have used that as a 'line of credit' for the past year. Recently I dipped into it to pay off my credit card, however I plan to replenish it. The line of credit based on a second mortgage will expire at the beginning of February. With prudent living I should be able to keep from further depredations on my savings. Once again I feel gratitude that the recent loss of extra income from working for Marge Lewis has brought me to my senses regarding spending.
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