Can You Afford Your Car Payments? Can You Afford the House?

One of the negative results of borrowing money and being upside down in debt is that there might come a time when you need to come face to face with some very tough decisions: Can I afford to keep the house? Can I afford to keep the car payments? The Danger of a High House or Car Payments I live in a place that gets a lot of rain.  With rain comes mud, and with mud comes slippery roads.  I’ve … [Read more...]

How To Pay Off A Mortgage Early

Once you’ve asked if you should pay off your mortgage early, it is time to ask, how can I pay off the mortgage early? This is the fun part. Let me start off by saying that you shouldn’t need to pay someone or buy a product to help you pay off the house early. Instead, simply send the bank extra payments to add to your principal whenever you have money to pay towards the debt. [pullquote]Make … [Read more...]

Pay Off Mortgage Sooner, Invest, Or Save? The Math Analysis

I’ve previously written about this topic – should you pay off the mortgage early or invest – but I realize that post was sorely lacking the math.  Today, I want to take a deeper look at the discussion to give a more thorough answer to the question – should you pay off the mortgage or invest? Watch out! I’m about to unleash the geek inside and let him run some math with the calculator. This post … [Read more...]