Because I'm paranoid about the financial climate, I'm always more likely to keep more cash, even if we have a loan racking up interest (mortgage / car leases are the only debt). My wife would always pay a little extra on the mortgage, she used to convince me and listen to my rants about how we need to keep cash, and then she finally just started doing it every month. After five years we owed like $30,000 less on our house when we sold it, and we saved a few grand in interest.
Absolutely true.
Because I'm paranoid about the financial climate, I'm always more likely to keep more cash, even if we have a loan racking up interest (mortgage / car leases are the only debt). My wife would always pay a little extra on the mortgage, she used to convince me and listen to my rants about how we need to keep cash, and then she finally just started doing it every month. After five years we owed like $30,000 less on our house when we sold it, and we saved a few grand in interest.