I'm torn between keeping your retirement savings up and paying off that second mortgage. If I had to choose, I'd suggest paying off the mortgage, but hopefully you can keep a high (10%) savings rate going at the same time.
There's nothing like saving a lot when you're young. That money will compound and compound and compound, and one day you'll be very comfortable.
One other comment - I suggest you try to change your spending habits. It seems your house and Tahoe were purchased with almost no down payment at all, and for long terms. I realize you can probably afford the payments, but if you get in the habit now of living frugally and avoiding debt, you'll be rewarded.
|