What to do with an SSIA?
I took an SSIA out back in April of 2002. I decided back then in my wisdom to contribute the maximum to the scheme of €254 per month. My SSIA is due to mature next May. So what do you do with a bundle of cash that you never had in your pocket to begin with? What do you do with the monthly contribution of €254 that you haven't missed for five years? Well, I heard Eddie Hobbbs say you should pay the lump of your mortgage. So I rang my bank yesterday and asked the question. What hapens if I pay €20,000 off my mortgage and increase my monthly mortgage payment by €254? Apparently I'll knock a whopping 12 years off of my mortgage.
Needless to say I said sign me up!!!


