07-24-2016, 11:36 AM
Good for you on the cost cutting, We have made several small changes.
As for now our priority is to get the mortgage paid off or very close to it so for the last 6 years we have been dumping almost all monies in the mortgage, we have 10.5 years left.
Even just paying your mortgage early or more often (when money is avail) is quite beneficial as I see it.
I would love to be dumping more money into my stock accounts, but I have maxxed out the 401K and do manage to put some cash into our joint account. Slowly watching the ROTH, IRA, and the 2 personal accounts grow.
As we move forward (and closer to retirement hopefully one day) we will start looking into more cost cutting measures but yet not cutting the quality of life.
Good luck to you.
Jimbo
As for now our priority is to get the mortgage paid off or very close to it so for the last 6 years we have been dumping almost all monies in the mortgage, we have 10.5 years left.
Even just paying your mortgage early or more often (when money is avail) is quite beneficial as I see it.
I would love to be dumping more money into my stock accounts, but I have maxxed out the 401K and do manage to put some cash into our joint account. Slowly watching the ROTH, IRA, and the 2 personal accounts grow.
As we move forward (and closer to retirement hopefully one day) we will start looking into more cost cutting measures but yet not cutting the quality of life.
Good luck to you.
Jimbo