Reply to Family of 5, appx $300K HHI - would you do anything different?

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[quote=Anonymous][quote=Anonymous]Has this been covered: OP, why are you paying $1600 extra on your mortgage, which I'm guessing has an interest rate of around 3%, when you still have student loans, which would probably have an interest rate of more like 6%?[/quote]

You are good - you nailed the interest rates!
I think where this conversation is going is that my student loans will be paid off sooner than later. This morning he finally said [that after thinking about it for 10 years] he decided to put money in market funds making 4-5%. But I am thinking OK - that’s still less than the 6% on the student loans. But fine -makes sense to not pay off the car loans at 3% and also doesn’t make sense to pay off mortgage at 3%. It seems he has some irrational desire to pay off the house just to feel like that is some weight off or something. I am now working to access and understand all of the accounts and really have a talk with him about it all after having been checked out on finances since circa 2009.

I remember the exact moment. I had a newborn and I got a late fee on whatever childbirth fees there were from my OB / gyn because I wasn’t opening my mail because I was overwhelmed with a newborn and he wasn’t opening my mail because it was addressed to me.  I finally opened it and saw the late fee and said - this is it - you are in charge of finances and any bills I get in my name you have to pay. And he just said ok and we haven’t had a late fee since but maybe we should have had some other talks sooner. [/quote]

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