I hear you man, it’s often the people who make the most that also make the foolish decisions. We have friends who make a lot of money considering, not millions but likely the most out of anyone we know our age. They piss their money away frivolously! It’s so annoying. Going on vacations every 2 months to money pits like Disney, just doing dumb shit instead of traveling on day trips to the mountains or something local and save some money to drop it into their mortgages (they have 2 houses). It’s baffling. They save a lot of money in the “system” aka 401k/super annual I think you call it. The money in there though is far more volatile than paying off an asset like a house and the benefit that has for your bottom line every month where you can take those vacations and not have to worry as much about the monthly payment.
I think you should just try what I do and throw a few extra dollars a month in to start, it’s better than nothing! Will you notice the 16$ extra a month? Unlikely but your loan will!
Thanks for that calculator though dude I saved that site for later! We are going to make some adjustments to our payment and bump it up a little bit. It’s nice to see the way it saves us even if we bump that up 30$ a month. Over the loan it’s huge!
And this is it! The value of a pizza, or two beers a month can knock a year off a loan.
It is definitely worth exploring at the least and if for example a small bonus does come, we are making the decision to put at least half of it on the loan while we get the multiplier effect. The difference doing it now or starting in five years is mammoth.