Nope that mortgage is pretty much the only debt we have. We had to live pretty frugally after hubby got hurt so debt is something we avoid.
I’m with you. Debt free is a great place to be.
Chiya, debt free is not bad as long as you have some cushion somewhere, which it sounds like you do. I am doing a similar payoff of our mortgage this week. Only difference is we are taking it out of investments, and like you, paying off our only debt, the house.
For the last couple years the money sitting in investments was earning much more than the house cost per month. With the market as volatile as it is right now I am feeling more confident in living debt free and closer to investment poor. Especially after a January that drove the value of the investments down more than I was ready to digest :^)
The wife and I own an online retail business that as long as the economy stays somewhat afloat will keep us in groceries. Your choices are a lot more restricted with your husband laid up for good. I don’t think you can knock debt free in that situation. Especially if it means you can save a bit each month. Always keep investing in that retirement fund. That is the life saver for later.
Best of luck to you. Glad that the money didn’t disappear on you when it got misrouted. I was afraid as I read your original post that something happened to it. Coming back to you ain’t all that bad.
Rick
It is nice to know that you don’t have to worry about house payments. Just remember to put away some money for property taxes and insurance, if they were included in your payment.