A mortgage isn't bad, and more cash is great: baby makes three, but we want to be ready for more.(BACK PAGE)
Kiplinger's Mutual Funds, March, 2006 by Hebert, Amy Esbenshade
Colleen DeBerardinis, 35, of Chester Springs, Pa., hoped she and her husband, Fran, 37, were doing the right things for their future and their growing family (which now includes 3-month-old Jackie). But, as Colleen tells it, they were debt-phobic and needed to diversify.
I'm not a fan of debt. I won't spend unless we have the money, and we always budget. To pay down our mortgage, we made extra payments, despite the fact that we have a terrific interest rate. We even put part of an inheritance toward early payments. But we had no cash--if we had needed some, we would have had to sell something and take a tax hit.
I had a lot of company stock in my 401 (k) and Employee Stock Purchase Plan at Oracle, the software company where I work. But...
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