We just refinanced our house into a 15-year mortgage. We will be paying off our car loan early. The mortgage was 4% (now 3%) and the car is 2% interest. The math says that it’s usually better to invest your money than to pay off low interest loans. So what the hell are we doing?
[Read more…] about Pay Off Low Interest Debt? Why We Defy Common Wisdom
Every week I ask Mrs. HoF if she has any ideas for a post and she’s told me a few times to post about our budget process. Well, I figured, since she is so passionate about it I would go ahead and let her write her own post. So, guess what, here’s Mrs. HoF with her first post!