Savings Update

Back in the first part of November, my fiance purchased a new (well to him anyway) motorcycle. He had been dreaming of a bike like this for some time and he decided to go for it when we found a good off-season deal at a local dealership. Although the interest rate we got was not bad, it was still a little higher than I would have like because we are younger and do not have a great deal of established credit. The cost of the bike was $5,213. With interest, the total cost of the bike is closer to $9,000 over the course of 5 years (warranty, registration, and licensing included of course).
Thomas loves his bike, but we were not feeling paying $9,000. So we decided to put our money saving tricks to work and put the extra money to pay extra on the bike payments each month. I am so proud of Thomas! He scrimped and saved, gave up buying lunch and breakfast at work, etc. and made a $1,000 payment this month on his bike (the monthly payment is only $197). The look on the bank teller's face when we handed her a $1,000 check was priceless. She looked at me and said, "You want the whole $1,000 to go toward your first loan payment?" Boy did she look at me in a funny shocked way when I replied , "yup!" 
Thomas' goal is to have the bike paid off by March because there has been talk about a possible baby Flannery (:-0)! I'd say he is well on his way! Good job, Babe!