Got a mortgage for 20 years, payments are 35 thousand a month. Sometimes I have extra money left over - should I put it toward early repayment or save it for investments or just in case? What makes more sense?
What's your emergency fund situation right now - do you have any unexpected expenses come up in your family?
If you don't have any money saved up yet, then start by building an emergency fund first - a boat breakdown, dental work, urgent repairs, because it only makes sense to pay off your mortgage early once you already have a financial cushion for a month or two of living expenses. And once you have that cushion, look at your mortgage rate - if it's lower than what you could earn on investments or even get from a savings account, then it makes sense to save and invest instead of rushing to pay off the mortgage early. But if your income is unstable or you just sleep better at night without debt, then paying it off early is totally fine - it's not about the math, it's about your peace of mind.
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