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Money and Finances
Reply to "This long after the recession, still afraid to spend money"
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[quote=Anonymous][quote=Anonymous]When you have a 6 month emergency fund and are debt free, then you can splurge on expensive junk and lavish vacations. Until then, do necessary maintenence/repairs, but don't go overboard.[/quote] Do you consider a mortgage debt? I wonder about that myself. I'm so far from paying off my mortgage that it's not realistic to think I could do it anytime soon, but I have a lot of equity (I think anyway, as long as the housing market doesn't take a massive dive) so i feel like if worse came to worst and I couldn't pay the mortgage anymore and had to sell, at least I wouldn't be in the red. [/quote]
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