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Reply to "Savings - screened porch v college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] 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. [/quote] SMH that you had three kids…[/quote] On the other hand, the fact that OP was able to present the numbers she did in her OP and shows awareness there is a question about being to able to afford a screened porch and the tradeoff between that and college, probably puts her ahead of 80% of the population in financial literacy. [/quote]
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