Is it smart for you to pay off your mortgage early or should you put that money towards other financial goals instead?
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Financial comfort is a concept that can mean all kinds of different things depending on your outlook. For some financial comfort might be owning a house, having no mortgage on that house, having a large pension fund or have a secure job. For others financial comfort could just mean having spare cash at the end of the month or finally achieving a long-term goal to be debt free. I was reading a new piece of study from Hitachi Personal Finance today though which suggests that there may be more factors involved in financial comfort than you might think. Let’s consider two aspects of the report to see if you agree with their overall findings.
It's that time of year for us to set goals in the Frugal Rules home. It's more of the same this year with focus on growing our business for the long run.
Many people set New Year’s resolutions. Yes, a New Year’s resolution can seem like a burden after the euphoria of the celebration has passed. However, there is something about setting a goal for the year, and doing what it takes to accomplish it.