Reply to Saving for college vs paying off house

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[quote=Anonymous][quote=Anonymous]Honestly, I'd sit down with some kind of financial planner.  He/she will just echo your opinion about putting money into investments / 529s, but then it will come from a 3rd party "expert" so maybe your husband will be more receptive to the advice.  [/quote]

+1  Time for some outside mediation.

FWIW, we are taking an approach somewhere in the middle -- saving aggressively for college because our kids are in middle school, but also putting extra each month to the mortgage with a goal of having it paid off a year or two after our youngest finishes college so DH can then retire.  We'll shift that aggressive college savings to mortgage payment once we are done paying for school (our goal is to pay 100% for in-state college, if kids want to go elsewhere they'll need to find someplace that would be comparable in cost -- no loans).

Sounds like your DH is in the camp that sees peace of mind in not having a mortgage, even if the interest rate was low.  But, IMO, saving for college is the higher priority when your kids are young.  One option could be to set the college savings level you think is appropriate but throw any 'extra' money at the mortgage -- tax refund, raises in salary, etc.   [/quote]

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