Quote:
Originally Posted by maat55
IMO, personal finance is not just a numbers game, it is a lifestyle...Finding a plan that fits you is your task.
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I agree. It isn't just about the numbers. As I said earlier, I paid off my student loans in 12 years when they were scheduled for 25. That was not a good financial decision as the interest rates were low and the stock market was doing great. I missed out on a lot of potential growth by prepaying the loans. But I hated having them. Had I just made the scheduled payments, I would still have been paying off my own loans when my daughter went to college. I just couldn't see doing that. So I prepaid them pretty aggressively and repaid them in just under half the scheduled term. I was willing to sacrifice some growth to be rid of the debt.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.