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Solution Based Lending
How Skipping One Coffee a Day Could Make You Mortgage-Free 2.5 Years Sooner
May 15, 2025 | Posted by: Dion Williams
When it comes to building wealth, most people think in terms of big wins—investing in real estate, climbing the career ladder, or hitting a financial windfall. But the real power often lies in small, consistent choices made over time.
One of the most overlooked strategies in mortgage planning is this: redirecting small daily expenses toward your mortgage. Take your daily $5 coffee, for example. If you were to apply that to your mortgage instead, you could potentially save more than $20,000 in interest and cut your amortization down by 2.5 years. That’s right—one less coffee a day could be the difference between 25 years of payments and full homeownership years sooner.
Here’s how it works. A $400,000 mortgage with 25 years remaining has an average monthly payment of about $1,893. By increasing your payment by just $147/month (the equivalent of $5/day), your mortgage is reduced by 30 months—all without changing lenders or refinancing. Most lenders allow this through their prepayment privileges, letting you automate the increased payment with zero hassle.
Better still? The return on this extra payment is guaranteed and tax-free. You’re not relying on market conditions or investment accounts—you’re directly reducing your debt, building equity, and gaining financial freedom faster.
You don’t have to give up all your small luxuries to get ahead. But if you’re serious about long-term savings and getting out of debt sooner, this is one of the easiest ways to get started.
Want help setting this up with your current mortgage or running the numbers? I’d be happy to walk you through it. Let’s put your money to work—with strategy.
