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Joined: Jan 2013
Posts: 20,352 Likes: 28
Freak of Nature
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Freak of Nature
Joined: Jan 2013
Posts: 20,352 Likes: 28 |
Now that the kids are moved out, momma and I have worked to save a little money and not sure what to do next. Looking for some suggestions:
Kids are gone, married, and paying for their own college bills. Both are doing fine and don't need any further assistance.
We have saved $60,000 over the last 5 years and we have the following debt.
House = $54k at 4.2%. Monthly payment $730
Truck = $22k at 4.9%. Monthly payment $600
I am thinking about paying off the house and then working on the car. Or payoff the car and bump up the monthly payments on the house. Or invest the 60k now that interest rates are above my loans
What would you do?
Pay off the house would be my first priority
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