[grania]

Pay off all debts, and that includes mortgages, student loans and car loans, as young as possible. DON'T accrue debt for a child's education or to support them. Learn to live on a budget that is what you expect to have in retirement. Have house and possessions in good repair. Take care of your body and mind.

My experience is that if everything is "in place" and one stays up on physical and mental well-being, you'll be surprised how far money can stretch in retirement.

[mad_as_he$$]

In general I agree but a 3% interest rate(fixed) on a mortgage is free money in today’s world. I wouldn’t pay it off.

[goodnesswins]

I’m amazed at retired people who have mortgages!!!

[ProtectOurFreedom]

My dad always taught me “Pay yourself first” i.e., sock away savings before you spend a dime of your paycheck.

He also taught that savings and investments should be in three buckets: 1) Immediate needs (car repairs), 2) Intermediate needs (new roof every 25 years), 3) Long-term needs (retirement, old age health care).