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Old 02-08-2013, 12:08 PM   #2
MamaJules
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Join Date: Jan 2008
Location: Tennessee
Posts: 3,371
Re: When the house is paid off... then what?

If you have that much extra money each month, then once your house is paid off you can do absolutely whatever you want! I can't imagine ever being in that position (we are 3 years into a 30 year mortgage, and are not able to pay any above the monthly payment, so it's going to be a long time!) I would say to start thinking about your priorities/wants now. Have you been putting off contributing to your retirment, or putting in less than you should, in order to pay off your mortgage? If so, I would start socking away the maximum amount there as soon as the mortgage is gone. Other than that, travel would be a big one for me.
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