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Is Your Lifestyle Worth Saving?

frugality, simplify your life

Question: With the current economic crisis, what should we do to protect our
family and lifestyle?

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Should I pay off my mortgage with 401(k) funds?

Question: I have been paying an extra $560 on my mortgage since July 2007. Recently I began paying an extra $1,000 each month. We owe $l55,000 on our house — our original loan was for $l86,000. Our house payment is $l,427. We have $200,000 in a 401(k) plan (maybe less now).

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Do Extra Mortgage Payment Really Help?

Question: I'd like to know more about mortgage payments. If I pay one or two extra payments each year how much faster can I payoff my house? I have a 30-year mortgage.

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