Pay it off?
I have a loan on the buisness I bought into 5 years ago. There is a balloon payment due in Aug of $139,000, I just received my yearly distribution check. I owe $164 on the loan, with this distribution check and a CD I have tucked away in another bank (so dh won't touch it) I can pay off this loan today. I'm inclinded to do that making us totally debt free with a nice chunk of change left over from the CD and distribution. I know Dh hates the thought of plunking down a hunk of money like that but I really want to be debt free. Once this is paid all we'd have is our monthly living expenses because I paid the mortgage off two years ago and we have no car payments. The money we were paying on that loan would go to retirment savings.
Is there any reason I shouldn't pay it off?
Dogs aren't our whole lives, but they make our lives whole. - Roger Caras