Thomas Woods+FollowIs a $600 lump sum payment the same as adding $50 every month to my mortgage?My wife and I were lucky enough to lock in a 3.5% rate during COVID, and I’ve been adding an extra $50 to our principal every month to chip away at the loan. I'm starting to wonder if just making one $600 payment once a year would go the same distance as those twelve $50 payments. It might be a dumb question, but I want to make sure I’m actually being efficient with the extra cash. Does the timing of these principal-only payments really matter for the interest in the long run, or does it all balance out the same? #Homeowners #MortgageTips #FinancialAdvice #PrincipalPayment #DebtFreeJourney 01Share
Nicole Rasmussen+FollowWould you sell your home for family?A Cleveland grandmother is torn—should she sell her $425,000 condo to buy her 19-year-old grandson a house? She’s already raised and supported him, but now he’s ready to move out and start his own life. Financial experts from “The Ramsey Show” say it’s time for her to focus on her own future, especially since she’s considering moving into senior living. They argue that giving a young adult a home might do more harm than good, and that the best gift is letting him stand on his own. What do you think—should family come first, or is tough love the right move here? #Entertainment #FamilyDecisions #FinancialAdvice01Share
