If I paid $315 extra each month on my mortgage, my mortgage would me paid off 15 years earlier.
If I put $315 each month into savings I would have $12600 saved after 40 months - not including interest.
I would be able to afford both my kids going into braces at the same time.
I would be able to save for a cruise - something I've always wanted to do.
Things I could spend my stupid debt payments on:
March 4th, 2007 at 07:18 pm
March 4th, 2007 at 07:36 pm 1173036979
March 4th, 2007 at 09:26 pm 1173043562
March 5th, 2007 at 04:22 am 1173068533
March 5th, 2007 at 05:27 am 1173072453
Flexible accounts save you tax dollars. I sat in on a couple of the classes. You have to put money in them up front in order to save on taxes in the end. I don't have the up front money to spare. Anyway, my company only does open enrollment once a year. The enrollment period ended in November.
It was still a very good suggestion.