Empty nesting is not all that it is cracked up to be. When the kids are finally gone, and you have some extra money, what should you do? The last thing you want to have happen is that your standard of living dramatically rises. You’ve been saving and accumulating money for your retirement based on a certain margin. With an extra $1,000 a month, it’s easy to take that money and increase your standard of living. If this happens, then you will need to squeeze in an extra $1,000 to maintain your standard of living down the road. So should you pay down debt, or should you save it? Either is fine, just don’t spend that money. Remember, the more you put into accounts, the more you’re going to have.

 

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