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Reply to "Help me explain this to my husband"
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[quote=Anonymous][quote=Anonymous]If it takes you 10 years to save up $100k, it will take you a lot longer than that to pay off a $100k loan. I would save more aggressively for the renovations ($100k in 5 years seems doable) and try to do the renovations part at a time.[/quote] I agree. I wouldn't do any renovations that I couldn't pay for out of pocket. I sure as hell wouldn't do any renovations that would take me 10+ years to pay for. Live within your means. [/quote]
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