I've learned some personal finance folks include their mortgage payments as part of their overall savings. Their reasoning is that as they pay down the mortgage, they built equity in the home and this adds to the net worth. So they include these payments as part of their after-tax savings. I've always been ambivalent about this idea and wonder what others think about this.
To me it's just like paying down debt, which I wouldn't necessarily include as part of savings though I guess it helps to increase your net worth. Or maybe I'm just wrong on this. So, would you include your mortgage payments as part of your overall after-tax savings?
To me it's just like paying down debt, which I wouldn't necessarily include as part of savings though I guess it helps to increase your net worth. Or maybe I'm just wrong on this. So, would you include your mortgage payments as part of your overall after-tax savings?
