Mortgage Free?

[Atretes1]

Congrats!

Thank you. It is a nice feeling being WEIRD.

[FLA]

unexpected move to a new home for myself, my kids and my parents. Kids close to launching and a zillion other reasons. I paid my share of the house and am mortgage free. It could not have happened without moving.

The taxes are so high, I'm embarrassed to say them. So between that and my share of the food or utility bill that is usually higher than when I had my own home, I had to think about what to do. I upped my 403B and put money in my Roth.

[NJDebbie]

We are beefing up our savings, doing some home renovations, upping retirement contributions and paying for our youngest son tuition (he is on the home stretch of finishing up his college education). I'm 46 and hubby is 56. We are on a good place financially since paying off the mortgage and our savings is $1,500.00 a month from not having a mortgage.

[jeromanomic]

Invest it in whatever your preference is. I like index funds, my wife likes investment property, so we are mixing it between the two.

[Jovanny]

You can invest it anywhere. In my opinion real estate is a good option.

[Blessed]

We haven't had a mortgage for years.We saved it and bought a rental for cash.