We will be paying if our mortgage in the next year and am looking for some good resources on how to be wise with our finances in a new financial stage.
We have five kids (surprise twins😉, and our house fits us all, but it's tight. We would like to move to a bigger house, but the idea of no mortgage is appealing, especially since I'm a Sahm mom, and our kids are in private school. We are very frugal now bc we have to be. While I'd like for things not to be quite so tight, I don't want to get into a habit of spending frivolously.
We're maxing out dh's 401k and putting away money for the kids' college funds (we could increase that), but I toy with the idea of investing.
Dh and I are not risk takers and I'm not sure if we'd want to deal with rental properties. Working with a financial advisor scares me a little bc we lost a substantial (for us) amount of money due to an unwise investment on his part, and I feel like most have their own interests at heart, kwim?
What I think we need help with the most is deciding where we want to go financially from here since we will have more expendible income. TIA!
ETA: our kids are 10,7,5, and 19 month old twins