So only one month after starting to make additional principal payments on my mortgage, I have already skipped one. I decided to use my economic stimulus check combined with the money that I was going to use for my additional principal payment to have custom closets installed in our master bedroom.

This was a once in a lifetime opportunity in terms of cost, so I couldn’t turn it down. Over the past few years, my wife and I have a had various companies come out to give us quotes on custom closets - From California Closets to Closet World, all of the quotes that we got were somewhere in the $5,000-$6,000 range. And to be honest, I really couldn’t see spending that much… after all, we live in a condo. So out of the blue, I get an offer for the exact closet system we’ve been looking for, but at half the price! $2,500 for the whole job!!!

The closets get installed tomorrow, so i’ll post some updates and maybe some before and after pictures. Hopefully missing this extra principal payment will pay us back in added value in our house.