My DW and I have talked about having a big family (as many as 4 kids). We might not be that fortunate or we might have one and completely change our minds
Do you think there are any good strategies that would make a large family less of financial burden?
One example I can think of is the old debate between paying off a mortgage vs funding your retirement account. Right now all of our extra money goes towards our retirement account. However I'm starting to think it would make more sense to pay off the mortgage as quickly as possible to free up more cash quicker. Does that make sense?
Do you think there are any good strategies that would make a large family less of financial burden?
One example I can think of is the old debate between paying off a mortgage vs funding your retirement account. Right now all of our extra money goes towards our retirement account. However I'm starting to think it would make more sense to pay off the mortgage as quickly as possible to free up more cash quicker. Does that make sense?