Many people spend a large part of their lives paying off the mortgage on their home. Those who are wise, seek the advice of a financial planner to help them reduce the interest and get the debt paid as soon as possible. This kind of financial planning can mean you save thousands and may even be able to pay of the debt earlier. So what happens when it is finally paid off?
Apart from throwing a party to celebrate, there are many things you can do.
- Go on a cruise or a trip
- Buy something you always wanted
- Enjoy being debt free
- Keep on paying the same amount of instalments into a savings fund