Welcome to the Jill on Money show. It's Wednesday, December 4th, and we are here, even as the holidays are fast approaching, answering your financial questions. If you've got something percolating, give us a holler. Go to jillonmoney.com. Click the contact us button and write us that note. If you'd like to join us live,

just check the box. And fabulous, Mark Talercio, we'll do everything else. Hey, while you're on

the website, maybe you want to check up my book, The Great Money Reset. There seems to be some

renewed interest in the book. Sales are ticking up. I don't know what it's about, but I'm very

happy about it. So the Great Money Reset inspired by my conversations with you guys during COVID and even before that about

ways that you want to reset your real life without blowing up your finances. Check it out.

We've got links to it on the website, JillonMoney.com. All right, today we are going to chat with one of you.

This is Erin who joins us from Colorado.

Erin, what can we do for you today?

Well, we're a bit in a pickle of what to do with our finances in this moment.

A little background.

My wife and I moved here to Colorado after living in New York for many years and being renters, basically our entire lives.

And we bought a house.

We bought a house and the interest rate is quite high. We did a two one buy down on our interest rate, meaning the first year we paid two points lower, second year, one point lower. And we just bumped up to that one point lower. We're at 6.5% on our mortgage.

It's very uncomfortable.

But we also had to buy a new car this summer because moving from New York, we only had one car.

And it broke.

And so we had to buy a new one.

And you need a car.

You're not in like the place where you're not catching the M5 to get to work.

Exactly.

Right?

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