One perk from tenant late fees

A couple dollars were received in late fees from the tenants. I found myself wonder what to do with this un-budgeted money. I could:

• reimburse myself for cash I pushed into the property in vacant times.
• let it ride as a cushion in the account, which is a money market account, paying nearly nothing anymore.
• or, use it for property taxes due the beginning of the month.

I already have the dollars for taxes in savings at HSBC & ING. I also made it without the cash I plopped into the company so far. And the thought of riding the dough on an almost invisible interest rate makes me crazy.

So, this morning I left the NSF fee in there, making it technically no effect on me. And I used all but $3 dollars to pay extra on the principal of the mortgage. Rounding my loan to even zero's in the tens, ones and cents. With this being a commercial loan at 6.25%, I really feel like I am gaining something for my stress from this.

The payment I made was for $168.09. This saves me 2.9¢ in interest expense every day. SWEET! That $10.59 a year in savings, may not be much, but to me it is a step towards freedom. Without a pinch on the pocketbook. Since, my loans and bills were covered and their late fees amounted to extra income for the company.