this post was submitted on 30 Mar 2026
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Put at least some of this into index stocks
Nah. I've been working on paying off my second mortgage by saving up the money to pay off my second mortgage, and I have like $7,000 left to go.
But I'm not cashing it all in the instant I get it just in case I lose my job so that I have a fallback. I would rather have money in the bank and a second mortgage than no second mortgage and be broke.
If I can make it to the end of the year without getting fired, then second mortgage will be done, and I will have a fallback amount of money to cover my expenses for several months, and my cost of living will drop precipitously, to the point where I could live off of minimum wage and a roommate.