Carrying debt into retirement can be a significant source of stress on a fixed income. Moneko helps retirees create a smart plan to manage or eliminate remaining debts, like a mortgage, to improve cash flow and financial security.
Discover personalized financial tools and insights designed specifically for your debt repayment journey.
Smart categories based on retirees spending patterns and debt repayment objectives.
Get intelligent recommendations to identify savings opportunities and optimize your financial strategy.
Specialized tracking tools designed specifically for debt repayment with milestone celebrations.
Connect with other retirees sharing similar financial goals and learn from their experiences.
Get answers to common questions about budgeting for retirees.
It's a personal and financial decision. Having no mortgage payment provides psychological security and frees up cash flow. However, if your mortgage has a very low interest rate, you might earn more by keeping your money invested. Moneko helps you weigh the options.
First, carefully review the bill for errors. Then, contact the provider to ask for a discounted price for paying in cash or to set up a no-interest payment plan. Don't put it on a high-interest credit card if you can avoid it.
Discover personalized financial guidance for different goals and life stages.
Join thousands of retirees who are already achieving their debt repayment goals with Moneko's AI-powered platform.