So I just paid off my car. It's a 1.5 year old Toyota Hybrid so it will last a while. I do not have any other loans to pay off (school was done a while back). My regular monthly expenses are low.
Should I pay off the mortgage quicker or put some in savings? The mortgage is a 15 year with 2.75% interest that I already pay $100 a month extra in principal. I have budgeted the taxes and insurance out into another saving's account to collect interest already.
If I am REAL aggressive with my payments, I can have the house paid off in just over 5 years. I am already saving into a 401k more than enough for my employer to match as well as maxing out my HSA.
Thoughts?
Should I pay off the mortgage quicker or put some in savings? The mortgage is a 15 year with 2.75% interest that I already pay $100 a month extra in principal. I have budgeted the taxes and insurance out into another saving's account to collect interest already.
If I am REAL aggressive with my payments, I can have the house paid off in just over 5 years. I am already saving into a 401k more than enough for my employer to match as well as maxing out my HSA.
Thoughts?