Rethinking Our Debt Payoff Plan
Money and Finance

Rethinking Our Debt Payoff Plan


I'm sure most of you know that last year my wife and I bought a house.  While we love the house the unfortunate thing is that we went from renting a fairly small house to owning a much larger one.  One of the hidden costs in making that move was that we didn't have nearly enough furniture to really utilize our new house.  So we made a trip down to the local furniture store and picked up a new living room and bedroom set and went to Sears to purchase a new refrigerator.

Since we were able to purchase everything at 0% interest we weren't in a big hurry to pay off the debt especially while the markets were still offering solid values.  We figured why throw extra money towards our debt, especially at 0%, when that's such an easy hurdle to beat through investing.  Mr. Market has continued his relentless march higher and it's been doubly bad because I'm sitting on a bunch of cash right now, much more than I'd like to.  That's why I've been making a few more purchases over the last couple of weeks even though they haven't been at the most ideal valuations.

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