Haley R
DIS Veteran
- Joined
- Sep 3, 2017
We pay our mortgage once a month and I believe it’s somewhere like $1,200?When we did this, it was focusing on the mortgage. However, at the time, we were in a position that we could feasibly have the mortgage paid off in under 5 years. DH has his own business and also has a regular job. He put all the income from the business into the mortgage. I get that not everyone might be in a position to do something like that. But there is a way to split the difference. It was how we started before DH's business. We set up the mortgage to be paid bi-monthly. The mortgage was $1400 per month so we'd pay $700 every other week. This allowed us to get in an extra payment per year without really feeling it. If we had to do this all over again and did not have DH's business income to throw at the mortgage then we'd do bi-monthly mortgage payments and fully fund the ROTH IRAs.