Wax, you be wrong on this one. I've done it both ways and both worked. People's expenses also go up, and they get raises at work. They understand.
The ones that amuse me are the ones that bitch at any price, no matter what it is, so I say "Well, I understand your thoughts, but I've got $500K tied up here and I'd like to pay it off some day". They ALWAYS say " $500K, God, how can this be that expensive"? I just walk away.