Reply to Savings - screened porch v college?

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[quote=Anonymous][quote=Anonymous]OK I take the point that you are all aligned on college over porch.  So I will take that into extreme consideration going forward.

On the mortgage vs. student loan thing - I think my DH and DCUM are going to have to agree to disagree.  I get what you are saying about 6% being higher than 3.6%.  But his feeling on the loans is the total amount of interest paid on $150K at 3.6% is more actual money than what you pay on $28K at 6% and then he also feels secure in where we have to live.  Without being able to do the actual math on the interest myself - I think it's a close enough call to be a wash.

HHI is $300K.  I don't know the actual amounts currently in the 529s - I will find that out ASAP.[/quote]
Yeah, took me a little while to get my head around the total cost thing too -- however, the thing that really got me eventually was that with the cost of inflation, your money today is more valuable than it will be 30 years from now. You'd get more putting that money in your high yield savings and paying it down later. Plus, the tax deduction when you lose it (and fall below the SALT cap) will really start to hit you.[/quote]

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