There's not a ton of cash, but at the end of the month in the near future we will have an extra $700. How would you handle that? We are in our early 30's, have no retirement fund since our employer doesn't offer a match, and we have two kids (12 & 8).
Added (1). Mortgage is $85k at 4.325. Is it worth it to pay it down and then refi to a lower monthly payment? Or to just crush it? Or would it be even better to just leave the 30 year loan alone and use our extra cash in savings/investments?
Explain your position.
Read more: Should I focus on paying off my mortgage early or should I put the money in savings/investments?
