I have made my scheduled mortgage payment, along with an extra $11.45. I received another $25 credit from WF Home Rewards Visa. My new balance is $170,100.00. An exciting milestone is on the horizon.

Chips to date: $1,662.71

Interest savings this month: $5.80

Interest savings to date: $69.31

Eventually, the interest savings on the chips I have already made will compound to $3,578.75, provided I own this house until the mortgage is paid in full.

I have made my scheduled mortgage payment, along with an extra $12.50. I enjoyed a $25 principal payment from Wells Fargo Home Rewards Visa for the second month in a row. My new balance is $170,425.00.

Chips to date: $1,626.26

Interest savings this month: $5.74

Interest savings to date: $63.51

Eventually, the interest savings on the chips I have already made will compound to $3,555.33, provided I own this house until the mortgage is paid in full.

I have made my scheduled mortgage payment, along with an extra $13.59. I enjoyed a $25 principal payment from Wells Fargo Home Rewards Visa. My new balance is $170,750.00.

Chips to date: $1,588.76

Interest savings this month: $5.60

Interest savings to date: $57.77

Eventually, the interest savings on the chips I have already made will compound to $3,478.65, provided I own this house until the mortgage is paid in full.

I have made my scheduled mortgage payment, along with an extra $14.73. My new balance is $171,075.00.

Chips to date: $1,550.17

Interest savings this month: $5.44

Interest savings to date: $52.17

Eventually, the interest savings on the chips I have already made will compound to $3,399.23, provided I own this house until the mortgage is paid in full.

My mortgage payment has posted. I received a $25 credit from Wells Fargo Home Rewards and I have paid an additional $15.75. My new balance is $171,375.00.

Chips to date: $1,535.44

Interest savings this month: $5.37

Interest savings to date: $46.73

Eventually, the interest savings on the chips I have already made will compound to $3,368.88, provided I own this house until the mortgage is paid in full.

Still small, but slowly building momentum.

My mortgage payment has posted, and I have paid an additional $16.87 to round the balance down to $171,700.00.

Chips to date: $1,494.69

Interest savings this month: $5.20

Interest savings to date: $41.36

Eventually, the interest savings on the chips I have already made will compound to $3,284.23, provided I own this house until the mortgage is paid in full.

My mortgage payment has posted, and I have paid an additional $17.90 to round the balance down to $172,000.00.

Chips to date: $1,477.82

Interest savings this month: $5.13

Interest savings to date: $36.16

Eventually, the interest savings on the chips I have already made will compound to $3,248.99, provided I own this house until the mortgage is paid in full.

Today is MrsM180's birthday! She and her dh spent last night at their new place, but will be by this evening for birthday cake.

Even though I am not actively chipping at the present time, the interest savings continues to compound, and I want to continue to track it.

During July, I automatically chipped $25.00 from Wells Fargo Home Visa credit card rewards.

Chips to date: $1,424.64

Interest savings this month: $4.99

Interest savings to date: $31.03

Eventually, the interest savings on the chips I have already made will compound to $3,137.52, provided I own this house until the mortgage is paid in full.

My mortgage payment has posted, bringing the balance down to $172,641.29.

Chips this month:
part-time job $160.00
budgeted extra $54.36
WF Visa $25.00
Bill Me Later refund $8.67
CC rewards $6.82
found on sidewalk $1.00

Total chips this month: $255.85

Chips to date: $1,399.64

Interest savings this month: $4.70

Interest savings to date: $26.04

Eventually, the interest savings on the chips I have already made will compound to $3,084.56, provided I own this house until the mortgage is paid in full.

So, not a bad collection of chips in approximately 1 year of chipping. I have eliminated 5 payments from the end, and reduced a 6th.

As I said yesterday, I am going to stop chipping in favor of accumulating cash. I will still track my credit card rewards as they are received. But now, they will go into my car fund instead of towards my mortgage.

My mortgage payment has posted, bringing my balance down to $173,176.92.

Chips this month:
budgeted extra $54.36
CC rewards $19.12
HauserNet $4.75

Total chips this month: $78.23

Chips to date: $1,143.79

Interest savings this month: $3.80

Interest savings to date: $21.34

Eventually, the interest savings on the chips I have already made will compound to $2,553.55, provided I own this house until the mortgage is paid in full.

I have some nice chips on the horizon. I am working on that $400 WF AmEx reward. Also, I intend to begin chipping my part-time job earnings. I am feeling more confident about the balance in E Fund, now that BF is finally on the ball about selling his house.

I made some good progress in April, between credit card rewards and my impount account refund.

My mortgage payment has posted, bringing the balance down to $173,533.09.

Chips this month:
CC rewards $190.23
impound refund $146.72
budgeted extra $18.62
wallet sweep $4.00

Total chips this month: $359.57

Chips to date: $1,065.56

Interest savings this month: $3.64

Interest savings to date: $17.54

Eventually, the interest savings on the chips I have already made will compound to $2,371.66, provided I own this house until the mortgage is paid in full.

My mortgage payment has posted, bringing my balance down to $174,169.50.

Chips this month:
WF Visa $25.00
budgeted extra $18.62
CC rewards $16.05
HauserNet $5.25

Total chips this month: $64.92

Chips to date: $705.99

Interest savings this month: $2.40

Interest savings to date: $13.90

Eventually, the interest savings on the chips I have already made will compound to $1,649.42, provided I own this house until the mortgage is paid in full.

My mortgage payment posted yesterday, bringing the balance down to $174,509.08.

Chips this month:
budgeted extra $18.62
CC rewards $13.19
wallet sweeps $6.00
HauserNet $3.25

Total chips this month: $41.06

Chips to date: $641.07

Interest savings this month: $2.17

Interest savings to date: $11.50

Eventually, the interest savings on the chips I have already made will compound to $1,449.49, provided I own this house until the mortgage is paid in full.

I made my very first mortgage chip on this mortgage in February of 2013. That first month, I saved $.09 of interest. This month, I saved $2.02. While it is still not much, it is picking up speed. This coming month, even with no new chips, I will save interest on $600.01 + $9.33, which will amount to $2.09.

Update: And there will definitely be new chips, as I just now chipped another $13.19 from credit card rewards redeemed today.

My mortgage payment posted today, bringing the balance down to $174,823.64.

Chips this month:
CC rewards $108.64
budgeted extra $18.62
wallet sweeps $13.00
HauserNet $8.00

Chips this month: $148.26

Chips to date: $600.01

Interest savings this month: $2.02

Interest savings to date: $9.33

Eventually, the interest savings on the chips I have already made will compound to $1,359.50, provided I own this house until the mortgage is paid in full.

My mortgage payment posted today, bringing the balance down to $175,244.32.

Chips this month:
SwagBucks $25.00
budgeted extra $18.62
wallet sweeps $11.00
Tango $4.19
Pine Cone $3.00

Total chips this month: $61.81

Chips to date: $451.75

Interest savings this month: $1.48

Interest savings to date: $7.31

Eventually, the interest savings on the chips I have already made will compound to $1,030.52, provided I own this house until the mortgage is paid in full.

This month's mortgage chips were:
WF Visa $25.00
budgeted extra $13.62
wallet sweeps $10.00
Pine Cone $6.00
HauserNet $3.50

Chips for the month: $58.12

After making my regular payment, my mortgage balance is down to $175,577.08.

Chips to date: $389.94

Interest savings this month: $1.29

Interest savings to date: $5.83

Eventually, the interest savings on the chips I have already made will compound to $892.81, provided I own this house until the mortgage is paid in full.

Beginning Jan 1st, I intend to bump my automatic mortgage payment up another $5.

I thought I would start a running tab of my mortgage chips since my last refi in June 2012.

Chips to date: $331.82

Interest savings this month: $1.11

Interest savings to date: $4.54

Eventually, the interest savings on the chips I have already made will compound to $762.24. Assuming I own this house until the mortgage is paid in full, which I probably won't.

Not much progress yet, but increasing steadily.

Chip history details:

Feb 2013 - Wells Fargo Home Visa rewards, $25.00
March 2013 - WF Visa $25.00, budgeted extra $3.37
April 2013 - WF Visa $25.00, budgeted extra $3.37
May 2013 - budgeted extra $3.37
June 2013 - WF Visa $50.00, budgeted extra $3.37
July 2013 - WF Visa $50.00, ? $5.00, budgeted extra $3.37
Aug 2013 - WF Visa $25.00, budgeted extra $3.62
Sept 2013 - budgeted extra $13.62, Pine Cone $6.00, wallet sweep $4.00, HauserNet $1.50
Oct 2013 - InBox Dollars $41.53, budgeted extra $13.62, wallet sweep $8.00, wallet sweep $7.00, Dwolla $5.08, Pine Cone $3.00, HauserNet $3.00

Total: $331.82