Tightwad wrote:I thought about just putting the money toward mortgage or Roth IRA when I first did that, but then it would add a significant amount of risk if something were to happen.
But paying down the mortgage on your home or investing that same money is too risky for you? Is that what you're saying?
I'm keeping things liquid. If something happens I can pay the CC in full and be done with it as one less thing to worry about and that's where I am at. If I took that $5500 from my checking and put it toward mortgage yeah overall that numbers would play out favorably, but if something does happen I wouldn't have the option of just wiping out the CC. It's not like I'm really neglecting anything, the EF is growing, we have Roth IRA which we add to weekly, we prepay our mortgage, our 401ks are maxed out to the match, our son has a college fund, and we have a savings account to cover the cost of a vehicle purchase. I'm seeing if I can knock this thing out with monthly cash flow.