Money Matters
MrsAshleyH10
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Extra Money
Hi Ladies!
I just received our 2nd tax installment bill, and to my delight our appeal netted us about $90/month in tax reduction.
Where should I put this extra money- mortgage principal or student loans?
Current loans:
Mortgage @ 4.875% (about 27 1/2 years left)
Student loan A @ 6.55% (about 4 years left)
Student loan B @ 5.75% (about 3 1/2 years left)
Student loan C @ 5.35% (about 7 years left)
Thanks!
Re: Extra Money
Put it on the smallest debt- which appears to also be the debt with the second highest rate, so that's a good thing. Pay off the debts smallest to largest. Any extra money you find each month should also be put towards this debt, then when you pay it off you can take the minimum plus the extra $90 towards the next smallest debt.
"You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. SeussShortest duration does not mean it is also the smallest debt.
My advice though: Put it towards the debt with the highest interest rate.