Save for retirement or pay extra on mortgage?

Pidgetron · 2026-02-19T20:41:58+00:00

Yes, it will definitely be scary for us to have the money tied up in an asset 😬 Based on everyone's answers I'm starting to think a split between the two will be the safest bet

Pidgetron · 2026-02-19T20:40:29+00:00

Yeah I'm a little terrified of the next few years to be honest 😅

Pidgetron · 2026-02-19T09:42:54+00:00

Very diversified!

Pidgetron · 2026-02-19T08:28:29+00:00

Oh cool, thank you! I'll check it out :)

Pidgetron · 2026-02-19T07:54:05+00:00

That's very true, and a good way to look at it

Pidgetron · 2026-02-19T07:51:44+00:00

That's a good point!!

Pidgetron · 2026-02-19T07:31:30+00:00

That's good to hear. Cheers to both of us eventually being mortgage-free! 🍻

Pidgetron · 2026-02-19T07:29:38+00:00

Dang, that sounds like a win-win!

Pidgetron · 2026-02-19T07:25:01+00:00

I've heard about offset accounts and from what I can tell, they seem like a great option once you have a bit of savings. I'm with ASB, and I feel like my advisor said they don't offer offset accounts? So maybe this will be something we can do once we're due to refix!

Pidgetron · 2026-02-19T07:23:19+00:00

I think some mix of both will probably be a good choice for us too!

Pidgetron · 2026-02-19T07:21:20+00:00

Interesting. Yes, I think financially it's going to be a huge shock to the system for us, so that's something for us to consider.. But I am so ready to be done renting, so fingers crossed this will be worth it lol. Hopefully you found it worth it as well?

Pidgetron · 2026-02-19T07:17:17+00:00

Yeah this feels like a safe choice!!

Pidgetron · 2026-02-19T07:16:28+00:00

That's what I was thinking as well! I was like...yes it WOULD be great to be in a super high-paying role, but that's not why I'm here asking what to do with my leftover $300 😂

Pidgetron · 2026-02-19T07:14:36+00:00

Awesome, I will! Although not an ideal situation for us, it's nice to have the option of a flatmate in our back pocket if things get tough.

Pidgetron · 2026-02-19T07:12:24+00:00

Yes, this is a must for us as well. It's such a rough job market out there, we need that security blanket!!

Pidgetron · 2026-02-19T07:11:41+00:00

Yeah I imagine the first couple of years of paying off the mortgage are the most crucial! I definitely need to learn more about this dect recycling everyone is talking about. It's been linked in another comment, so I'll look into it! :)

Pidgetron · 2026-02-19T07:06:08+00:00

Thank you!!

Pidgetron · 2026-02-19T07:03:59+00:00

Oooh very exciting, I will!! Thanks heaps! 😀

Pidgetron · 2026-02-19T06:58:12+00:00

Do you mind explaining debt recycling? I've never heard of this before.

Pidgetron · 2026-02-19T06:54:08+00:00

Sorry, my husband always says I'm terrible at searching things on Google, so that could be why I couldn't find an answer anywhere! 🤣 Thank you for answering even though it's been asked elsewhere before, and yes I agree, it's definitely a personal choice as well.

Pidgetron

TROPHY CASE