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re: When to pay off the mortgage

Posted on 9/16/22 at 3:15 pm to
Posted by slackster
Houston
Member since Mar 2009
85490 posts
Posted on 9/16/22 at 3:15 pm to
quote:

This is why we have tried to pay off our house early. I can convince my wife to live somewhat frugally when there is a tangible goal. But we would never come close to investing the amount that we put towards the house. So in reality we pay around $1200 extra a month towards a 2.65% loan vs investing 4-500 and blowing the rest on dining out, clothes, etc


I’m fortunate not to have that problem since I pretty much handle all of our finances and my wife is frugal (unicorn, I know). However, I can understand that compromise.
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2137 posts
Posted on 9/16/22 at 3:43 pm to
I handle most of our finances, she handles most of our spending…kidding

She is actually great, but she is a goal oriented person, so investing isn’t her strong suit. She is the type that would pull all of her money out on the 1st big down day in the market
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