Quote:
Originally Posted by JimNasium
If you have a low mortgage rate I’d be focused more on paying it to schedule and investing my money. I’d also not be stacking money in a savings account unless it’s a high-interest account.
Also, find a way to payoff those vehicle loans. Financing a depreciating asset is less than ideal if you can keep from it.
|
Right our mortgage is below 3% so not too worried about that. The vehicle loans need to go and we can pay extra on them we just need to start a plan with that and I probably need to accept I’m not going to be able to get super aggressive there and just do some and speed up the plan and save some interest there.
Definitely wouldn’t want to just hold onto a load of money without investing but have a decent cash reserve is nice and helps keep you out of debt in the future. Need a new car ok pay cash instead of getting another loan or something that comes up.