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Reply to "Saving for college vs paying off house"
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[quote=Anonymous][quote=Anonymous]Your husband sounds crazy. Show him the actual dollars and cents on paper. I assume the $4k is for the state tax benefits? Show him that. Show him traditional growth of a home vs. growth of investment accounts over time. The mortgage rates are SO LOW and housing can never be thought of as a sound investment. I can't imagine the logic behind that kind of strategy. [/quote] +1 It is insane to forgo saving for college in order to pay off a mortgage. I would add for your DH's info that paying for college is a completely different ballgame from what it was a few decades ago. It is virtually impossible for a student to "work her way through" as many people did back in the day. You should plan for doing more than "helping" her. IMO. https://www.theatlantic.com/education/archive/2014/04/the-myth-of-working-your-way-through-college/359735/[/quote]
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