CompoundInterestFan
Recycles dryer sheets
- Joined
- Jan 20, 2007
- Messages
- 222
My wife and I have recently paid off the last of our CC debt, so now we have about $100-$200 extra each month. Here's our current situation: I'm putting enough into my 401k to get the employer match plus a little extra, and my Roth is fully funded. We haven't opened a Roth for my wife yet simply because we haven't been able to fund it. Now that we have more money each month, I'm trying to decide whether to put more into the 401k, start funding a Roth for my wife, or pay extra on our piggyback mortgage (rate is 7.55%).
I'm leaning towards paying extra on the mortgage mainly because of the higher interest rate. Ideas? Suggestions? Admonitions?
I'm leaning towards paying extra on the mortgage mainly because of the higher interest rate. Ideas? Suggestions? Admonitions?