Is it better to pay down your mortgage or invest more? I tend to go back and forth about this – I don’t like having a mortgage but I do like having an increasing dividend stream. And in a crisis, my investment portfolio can be sold but the equity from paying down my mortgage is harder to get at. My current plan is to invest all spare money after monthly living expenses and savings into dividend stocks in my taxable account rather than make a concerted effort to pre-pay the mortgage. But does this make sense? Let’s take a look.
Your budget is your most important guide on your personal finance journey. It tells you where you’re headed and how long it’ll take to get there. Like any tour guide, your budget must be honest and realistic to be useful.
I needed to re-calculate my monthly budget for the remainder of the year now that I’ve sold my second house. Here’s the result.
I attended a training course  at work last week – nothing too exciting. The class was being held in an older building which has seen better days. As I walked to the classroom I encountered a bucket placed in the middle of a corridor and right above it, a hole in the roof. Which made me think that Personal Finance is really about how best to manage a leaky bucket that’s collecting water from a leaky roof.