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Abuse Officer
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« Reply #1 on: December 07, 2020, 10:26:07 PM » |
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You don't say why your father in law thinks paying down debt is a had idea. Nor his credentials.
Personally, I think paying down debt is a great idea and I overpay on all my mortgages. Sometimes it annoys me that I am limited on some. However, as debt goes, that secured against property is the best kind of debt... so don't fret about it too much. Putting £200 away each month of course means it's not working very hard for you... but it's also not very much so how hard can it be expected to work? Letting it accumulate quietly for a while until it becomes something grand can't be too problematic.
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