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Sarah is in Milwaukee. Hi Sarah. Welcome to Ramseyshire. Hi, thank you for having me. Sure, what's up?

So my husband and I have a disagreement about how about our mortgage. So we qualified for a third-year mortgage, but our plan is to pay it off like a 15.

My husband and the budget recommended me and our last finance meeting together that whatever extra money we have in our budget, we should put towards the principle of our mortgage.

And I'm like, well, honey, we only plan our being in this house for five, maybe 10 years because we want our kids and we need more space.

And he's like, no, no, no, we really need to pay towards the principle. We need to own more of our house. And it's caused this huge risk in our relationship.

Why is it causing a huge risk in your relationship? Whether we pay extra on the mortgage, what do you want to do with the money?

I would like to put it towards trips or improving the house that we already have.

Okay, that's a fair argument then. Okay. So the answer is you need to do some of both. You're both right.

Okay, I was expecting that answer. You're out of debt, right? Except your house. Oh, yeah.

Okay, and you have your emergency fund. Are you putting 15% of your income into retirement?

We're about there. Yes. Okay. Are you putting anything aside for your kids? Are you putting anything aside for the kids college?

Yes, we are. Good. Okay. That's baby steps four, five and six. Baby steps six is pay off your house early.

Now, what you're supposed to do is to do baby, according to what we teach, in other words, is to do baby steps four, five and six simultaneously.

So you're putting 15% of your income away for retirement. You're putting money on your kids college and you're supposed to be paying down the house reasonably aggressive.

Now, baby steps one through three you do with gazelle intensity, like a gazelle running from a cheetah wide open, scared to death, going crazy. Baby steps four, five and six are not with intensity.

They are with intentionality. And baby steps four, five and six are where you buy a couch where you fix up the house, where you go on a trip, and where you work on these other three goals of retirement, kids college and and

reducing the mortgage. And so, yeah, I'd love for you. I think it's wise for you to reduce your mortgage. But I also think it's wise for you to enjoy some money during these steps as well. And that would include some reasonable renovations that you do with cash, no debt, some reasonable trips that you do with cash and no debt.

If you consume all the money and do no mortgage reduction, that would be unwise. But if you put 100% on mortgage reduction, that's not what we teach.

Okay. So, I would just figure out some how much money are we talking about that's in play here.

A month. How much a month is he want to put on the mortgage and you're wanting to spend?

I think it's about 500 to $1,000. We have extra in our budget.

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