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Reply to "Savings - screened porch v college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, did you get an estimate for the screened in porch? That might help put this into better context for you and make the decision easier. If you stated the cost and I missed it, sorry. We recently received an estimate for a screened in porch and it was almost $100k. Gosh, I would really love it and know we'd use it all the time, but it is just not something I'm currently willing to put our money towards when we have 2 kids going to college in 2 and 4 years. I would be sure you know what it would cost and then try to convey to your DH that it is a want and not a need (and vow to do it just as soon as it makes the best financial sense). [/quote] If you can imagine I got a quote a number of a years ago - at least 5 years ago and decided it was too expensive and didn't do it. I still want it and set it as a long term goal. I don't disagree with not taking out debt but I think other people take out a home equity line of credit to do it- which I am not. [b]Anyway - I am thinking about the kids' college funds and how much I really want / need there.[/b][/quote] If you want to pay 4 years of instate at UVA to include room and board, you are looking at minimum $200k per child by the time your kids attend. So hopefully your number is pretty big.[/quote]
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