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Old 01-25-2007, 12:50 PM   #4367
patentparanyc
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Join Date: Apr 2003
Location: on an elliptical
Posts: 5,364
Have we reached the "end?"

Quote:
Originally posted by Adder
Student loans are one thing, the house is another. From a purely financial point of view (a little leverage is a good thing), there isn't a lot of reason to pay down either (depending on the rates), other than peace of mind.

But yeah, with the house you are also throwing away the tax advantages.

Of course, to each his or her own, and maybe debt causes her enough anxiety that the peace of mind is worth it.

ETA: you could save your bonus for retirement.
Pay off your car? ours is almost paid off this year and I cannot wait. That will free up some nice cash for us. I imagine paying down either the house or the loans could be basically the same idea...
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