Reply to Saving for college vs paying off house

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[quote=Anonymous][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]

OP here. I have ran the numbers for him.

I've shown him my return on my Vanguard account and that we should budget a 7% increase, but he just talks about paying off the mortgage. He keeps saying nothing will get us 4% interest every year (even though I show him we can do better). If anything, it's better to invest and then when we have a lump sum to pay off the mortgage, do that. We get nothing for paying on our mortgage early right now.

Yes we're in VA and the 4k was for the state tax benefit. W[b]e paid off 80k of his student loans and he thinks it was easy and no big deal and that our kids should do the same. [/b][/quote]

He is selfish and ignorant.

I would have a major issue with this.  Major.  On a HHI of $180K at this (early) point in your parenting, there is NO reason not to be saving aggressively for college.  None.[/quote]

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