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LadyB612000
LadyB612000
Contributor ⭐
Apr 8, 2016 9:06 PM UTC

If my Mortgage was paid for a year?

I would first make sure that when you say "Mortgage paid for a year", that it is the Principal that is paid for a year. Then I would put some of the money towards the Interest of the Mortgage and then I would pay off my high interest rate credit cards and cut them up. But with whatever is left I would stock my freezer with meat and my cabinets with canned goods.

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      DianeKAdler
      Contributor ⭐
      Oct 9, 2018 3:17 PM UTC

      I would make sure that it really is paying my principal and interst and then I would put 1/2 of the money saved into a IRA and the balance against the mortgage to pay it off quicker

        howmanysecondseeds
        Contributor ⭐
        Apr 29, 2016 5:41 PM UTC
        I would first make sure that when you say "Mortgage paid for a year", that it is the Principal that is paid for a year. Then I would put some of the money towards the Interest of the Mortgage and then I would pay off my high interest rate credit cards and cut them up,then if principal paid I would tuck the rest in an Ira interest bearing account until my retirement in 6 years
          s804940b
          Contributor ⭐⭐⭐
          Sep 20, 2018 3:14 AM UTC
          I would never have a mortgage after age 40. Bought a small house in a nice neighborhood at 29 and had it paid off in 10 years. Lot's of work, but now, many years later, it is paying me back and life is good.
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