You can also reduce your mortgage by making an extra payment if you find yourself with
an extra lump sum of money, such as at tax time.
Not exact matches
A
lump sum and per pupil funding formula is not the most efficient way to share out a limited pot
of money, although it is simple, because it assumes that every
extra child costs the same to educate.
That said, I have done a similar thing you did, getting rid
of a
lump sum so that I feel pressured to make
extra money.
You can opt to make the
extra payment at the end
of the year, or any time you get a
lump sum of money, Leve says.