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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't cut retirement and college savings to pay for a house renovation. You know that's not the right thing to do, which is why you kept your mortgage low, especially with kids that need childcare.

Reading between the lines a little, you were justifiably cautious and didn't overextend yourself on a mortgage, made sure you could pay he mortgage with one earner and gave yourself a nice buffer so you wouldn't be stressed in case of job loss, and kept yourself at a mortgage amount you could pay 20% down and avoid PMI.

All really great choices.

Then you got in the house and are itching to get things renovated, and are considering "undoing" all those really smart choices you made.

Am I kinda right OP? :)[/quote]
Ding ding ding. Yep. Haha. But were we too conservative? I guess I'm looking for a middle ground where we can make ourselves happier in the house without undoing our smart choices. I guess that's the holy grail ;-) This has actually been a very useful thread for me to think through these decisions. So thanks everyone. [/quote]

Then save up the $1k every month until you have a nice chunk to tackle one project at a time. Don't pay interest by taking out a loan. Keep your $20k emergency fund tucked away for when you NEED it.
Even $5k-10k to get you the main things you need (as a PP laid out nicely) would enable you to pay cash and still get some work done.
Good luck!
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