Comments on: Less Money Now vs. More Money Later http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/ A Personal Finance Blog with a Silly Name Fri, 10 Feb 2012 11:02:13 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Brainy Smurf http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-53730 Brainy Smurf Sat, 18 Apr 2009 13:38:59 +0000 http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-53730 Hi Joe! Thanks for the idea -- thing is, I'm not carrying any credit card debt (or anything high interest) anymore so it's in my best interests to chip away at the mortgage... Of course, since I wrote this post over a year ago things have changed a bit and I've built up a bit of a savings buffer -- something I didn't have then -- but now that that's in place, I'll gearing up to work on the mortgage again... Hi Joe!
Thanks for the idea — thing is, I’m not carrying any credit card debt (or anything high interest) anymore so it’s in my best interests to chip away at the mortgage…

Of course, since I wrote this post over a year ago things have changed a bit and I’ve built up a bit of a savings buffer — something I didn’t have then — but now that that’s in place, I’ll gearing up to work on the mortgage again…

]]> By: JoeTaxpayer http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-53729 JoeTaxpayer Sat, 18 Apr 2009 13:29:22 +0000 http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-53729 Just a thought for you - I suggest taking any extra funds and paying the highest rate first, i.e. the credit card debt. Paying an 18% card $100 today will have a greater impact on your interest expense than paying the 5-6% mortgage. If you have $650/mo extra to attack debt, send it all to the cards, then see the impact of sending it all to the mortgage when the cards are paid off. Joe Just a thought for you – I suggest taking any extra funds and paying the highest rate first, i.e. the credit card debt. Paying an 18% card $100 today will have a greater impact on your interest expense than paying the 5-6% mortgage. If you have $650/mo extra to attack debt, send it all to the cards, then see the impact of sending it all to the mortgage when the cards are paid off.
Joe

]]> By: Moment of Clarity: When I Figured Out How to Fix my Finances » pantsinacan.com http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-1966 Moment of Clarity: When I Figured Out How to Fix my Finances » pantsinacan.com Wed, 12 Mar 2008 17:10:05 +0000 http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-1966 [...] »I thought I had to make six figures to be rich… »Student Loans - A Raw Deal? »Less Money Now vs. More Money Later »Vatican adds Accumulation of Wealth to 7 Deadly Sins [...] [...] »I thought I had to make six figures to be rich… »Student Loans – A Raw Deal? »Less Money Now vs. More Money Later »Vatican adds Accumulation of Wealth to 7 Deadly Sins [...]

]]> By: 2008 Goals Update: Two Months Down, 10 to go… » pantsinacan.com http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-1592 2008 Goals Update: Two Months Down, 10 to go… » pantsinacan.com Mon, 03 Mar 2008 15:06:47 +0000 http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-1592 [...] the added biweekly $25 my wife is now tossing in towards the mortgage, this goal is also rapidly approaching completion. We’re a little over one third of the way [...] [...] the added biweekly $25 my wife is now tossing in towards the mortgage, this goal is also rapidly approaching completion. We’re a little over one third of the way [...]

]]> By: savvy http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-1211 savvy Wed, 20 Feb 2008 21:19:03 +0000 http://pantsinacan.com/2008/02/20/less-money-now-vs-more-money-later/#comment-1211 Fantastic! I send a little extra to our mortgage every month as well. I doubt if we'll have it paid off in nine years but fifteen isn't that bad. Fantastic! I send a little extra to our mortgage every month as well. I doubt if we’ll have it paid off in nine years but fifteen isn’t that bad.

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