Skip to main content
No. of Recommendations: 1
yddemyma and I are a study in contrasts. The first debt I wanted to pay off was my student loans. I hated having them--I loved what they'd given me, but I felt they should be paid off ASAP. [I should note that our only other debt at the time was a car loan.]

Then came our original second mortgage. Then it was going to be our main mortgage, but we got a 2nd mortgage again instead, so that's being paid down. The mortgages bother both DH & me greatly--we do hope to pay off the first mortgage in about 10 years after the 2nd's gone if all goes well. To us, a paid off house is an extent of financial security.

And our car loan is last on the list, and unlikely to be paid off before it's time is up. Partly this is because we got a low 3% rate and partly because the other loans couldn't be paid off before this one was over and done with.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.