Paying off the bond
Boomer,
There is not one answer for all. I think that if you have been in TV for a couple of years and don't plan to sell your home then paying off the bond is the right thing to do. I have been in TV for five years. The first two were in a patio villa and the last three in a designer. We did not pay off the patio villa because we knew we wanted a bigger house and didn't think we could recoup the bond. Once we settled into our current home for a year we knew it was going to be our home forever, so the the bond payoff made sense for us.
Also as we get older I don't like debt. I sleep better knowing that a house with no mortgage and no bond can be maintained in almost any economic situation.
Coach
__________________
North Carolina, TV
|