I never felt so free as when I paid off my mortgage. Nobody could take it now.(as long as I paid the property taxes!) It's also nice to have that money freed up to do other things. What used to be emergencies becomes an inconvenience. Really helps with the retirement savings.

It's always better to save too much early while you can. You never know what life will throw at you later on and you have to slow down savings. Kudos for the girl for not being in debt up to her neck after getting out of college. That is a rare thing these days. She should buy a small fixer upper house to start with an...more

There is something to said for struggling and hard work. Parents today want to make it too easy for their children that when times get tough the kids don't know how to work through them. A little struggling never killed anyone, it usually makes us a better person and builds character.

I have 2 credit cards and a FICO score of 805. He is just giving himself a lot more chances for ID theft. Taking a lot of risk for an experiment.

The best thing to do is plan like SS will not be around, then if it is that will be gravy. This can be hard to do with kids, college, and houses. The hardest thing to do is teach young people that the longer you save, the less money you have to set aside each month. Keeping debt down is also very important, because if ...more

Maybe the US government needs to dump all of the Strategic Oil reserve on the market and burn out some of the people who are just running up the price.

If I have $20,000 in the bank and $10,000 in credit card debt, use the money and still have $10,000 for an emergency fund. You will never get rich paying interest.