0:00.0	Hey everyone, this is Laura. I'm enjoying some time out of the studio this week, but pulled up a great
0:05.9	bonus episode from the archive about a classic financial dilemma that Maya asks about
0:12.8	investing extra money or sending it to a mortgage. I hope you enjoy it, and I'll be back with a new
0:19.0	episode soon.
0:19.9	Music I hope you enjoy it, and I'll be back with a new episode soon.
0:27.9	Hey, everyone, welcome back to Finance Friday.
0:33.2	It is another special edition of Money Girl, where I answer your burning money questions.
0:35.9	Today's question is from Maya.
0:41.5	She says, hi, Laura, I love the podcast. My husband and I are in our mid-30s,
0:49.8	with a dual household income of 175,000 and two kids under the age of three, which means a considerable daycare expense. Our mortgage balance is $120,000 at 7% interest, but we have no auto loans or
0:58.0	credit card debt. We have emergency money in high yield savings for three to six months. I max out
1:04.9	a Roth IRA annually and contribute enough to get my 401k match at work.
1:11.4	My husband has a state-funded pension plan.
1:14.5	If we have extra money in our budget,
1:17.4	should we invest it for midterm goals in retirement,
1:20.8	or pay down our 7% mortgage,
1:24.5	which I've heard some define as a high-rate debt. Well, thank you for your
1:29.9	awesome question, Maya, and congratulations to you and your husband for doing such a great
1:34.5	job with your finances. I mean, you're only in your mid-30s, and you are well ahead of many
1:40.4	other people your same age. So, again, big virtual high five to you for doing that.
1:46.9	This podcast will review how to prioritize any extra money you're fortunate enough to receive.
1:53.5	Whether you get a raise or it's a cash gift or inheritance or you win the lottery or maybe
	...

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