Re: When the house is paid off... then what?
We made our last house payment in October (after being debt free but the house for a while now) and our "extra" goes into savings (for various things) now. Its such a great feeling to know that no matter what our home is OURS. Our (somewhat vague) plans are increased retirement, growing our liquid assets to 12 months living expenses, home renovations, vacations, and just loosening up lifestyle (which is really what the previous list is all about) but we will always be careful spenders because of past mistakes.
Mamma to 6:
dd 10/85 (married in May '08), ds 08/88 (engaged 01/13), dd 06/92, ds 09/94, ds 09/01, and the peanut dd 01/07.
My FIRST grandson arrived Oct 1st!
"If you believe what you like in the gospels, and reject what you don't like, it is not the gospel you believe, but yourself." Saint Augustine