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]

This isn't an issue about logic or conventional wisdom about where to invest money.  Worry over a mortgage and paying off your mortgage early is an issue of security.  If you are the kind of person who worries about the what ifs, realizing that you aren't making smart decisions isn't going to change what you do.

FWIW, I'm like OP's husband.  I grew up poor, with depression era parents and then had my dad die when we were young.  Nothing anyone ever says to me will ever change my need to have a lot of money saved and my need to have my mortgage paid off.  Having debt of any kind is anxiety producing for me.  And, my college savings plan is to use our mortgage money once it's paid off.  [/quote]

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