Best desicion?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Pay off any debt higher than 6%, then pay off the student loans. Then set an automatic withdrawal on your account to invest whatever you were paying monthly into an investment account. Done.

That said, if you don't have an emergency fund, put some of it away for that immediately.

I don't have any other debt except mortgage and have emergency fund. Do you think upgrading to better home would be bad idea in this scenario?

This mentality is so jacked up. You have $100k in debt in addition to mortgage debt. That's more than enough debt. The fact that you don't have any MORE debt is in no way notable.

No, you do not upgrade your house now. You pay off your student loans, and ITA with the PPs who said that you need to IMMEDIATELY divert whatever payment you were making toward them into an automatic deduction/contribution to your 401(k) or IRA, or even paying down your mortgage, if you prefer. But no, you don't upgrade. If you want to upgrade later, do it with cash, and after you've paid off your current mortgage.