Comments on: Random Friday: Asthma, Pirates, and why I’m glad I’ve paid extra on my mortgage. http://wideopenwallet.com/2008/10/random-friday-asthma-pirates-and-why-im-glad-ive-paid-extra-on-my-mortgage/ An honest look at family finances Thu, 18 Mar 2010 13:10:27 +0000 http://wordpress.org/?v=2.5.1 By: LAL http://wideopenwallet.com/2008/10/random-friday-asthma-pirates-and-why-im-glad-ive-paid-extra-on-my-mortgage/#comment-1966 LAL Sun, 12 Oct 2008 16:05:28 +0000 http://wideopenwallet.com/?p=260#comment-1966 Only thing better is do you have a large EF? I've been contemplating a major home repair, but am not sure if I should do it because we've emptied our home repair fund for the year already with other necessary repair work. Thus it would have to come from the EF and I'm not sure that's something I want to touch in this economy right now at least. So I think if you want to pay off your mortgage great. As long as you have enough in savings. Mostly because of the one income of your family. Do you have enough to repair your cars or replace them or for unexpected home repairs as well? I planned $5k/year for home repairs and this new repair is about $5k. If we hold off for next year, it will be next year's project. Last year it was a fireplace. This year it was a retaining wall. This new project is heat pumps. So it's not just decorating or wasteful projects, but major needs. But we can't afford to do it all at once. But the pumps just broke down recently, well it's leaking. Only thing better is do you have a large EF? I’ve been contemplating a major home repair, but am not sure if I should do it because we’ve emptied our home repair fund for the year already with other necessary repair work.

Thus it would have to come from the EF and I’m not sure that’s something I want to touch in this economy right now at least.

So I think if you want to pay off your mortgage great. As long as you have enough in savings. Mostly because of the one income of your family.

Do you have enough to repair your cars or replace them or for unexpected home repairs as well?

I planned $5k/year for home repairs and this new repair is about $5k. If we hold off for next year, it will be next year’s project. Last year it was a fireplace. This year it was a retaining wall. This new project is heat pumps.

So it’s not just decorating or wasteful projects, but major needs. But we can’t afford to do it all at once. But the pumps just broke down recently, well it’s leaking.

]]> By: Bruce http://wideopenwallet.com/2008/10/random-friday-asthma-pirates-and-why-im-glad-ive-paid-extra-on-my-mortgage/#comment-1943 Bruce Sat, 11 Oct 2008 15:29:02 +0000 http://wideopenwallet.com/?p=260#comment-1943 I have been diagnosed with Asthma just recently (year and a half back) and can relate to the expense of an Asthma attack. I hate the steroid use and avoid it when I can. As for the daily meds for it, I have that and just got a year subscription and a come back in three months. As for the extra payments, the earnings you are making aren't taxable as they would be if you were actually earning income. I have been diagnosed with Asthma just recently (year and a half back) and can relate to the expense of an Asthma attack. I hate the steroid use and avoid it when I can. As for the daily meds for it, I have that and just got a year subscription and a come back in three months.

As for the extra payments, the earnings you are making aren’t taxable as they would be if you were actually earning income.

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