Submitted by spirulina-brew t3_zatips in personalfinance
I have always been an extremely debt-averse/frugal person, and earn quite a bit more than I need to keep up with my mortgage payments. My interest rate is 2.4% (thank you? covid? maybe?), which is excellent. This is my only debt. I’m very interested in getting this paid off right away, and having it out of my life. On the other hand, as a newbie to this sub, I see that many others strongly recommend investing for the high return compared to the low cost of leaving my debt alone. I’m in a position to, within a year, pay off my mortgage, if I continue to throw an extra 3k at it per month as I have been. I’m very accustomed to rice and beans, my only serious expense is the gym, I work from home and walk to the grocery store, literally only travel for the holidays to see my family or small road trips in the summer. I don’t have anything big I’m saving up for, like a big vacation or anything. My Roth IRA is topped up for the year at the beginning of each year. Does it make sense for me to continue this course of action, or try learning about investing with Betterment/Acorns/similar?