mortgage

Why We’re Not Paying Extra on Our New Mortgage

July 26, 2022 by Melissa Batai 1 Comment

We’re relocating from Arizona to New York because my husband found a good job there. While we’re happy to move, we’re sad to leave behind our house payment in Arizona. We had a 3.375 percent interest rate and a smaller mortgage than we’ll have when we move. In New York, our interest rate will be approximately 5.5 percent, and our mortgage will increase by 1/3. Ouch. However, … [Read more...] about Why We’re Not Paying Extra on Our New Mortgage

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate. Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

6) Invest in stock. Stocks preform better than bonds or cash.

7) Avoid high interest debt. Credit cards and title loans are financial cancer.

8) Diversify. Don't put all your eggs in one basket.

Why We’re Not Paying Extra on Our New Mortgage

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