Reply to Savings - screened porch v college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He did say we could stop paying the extra towards the mortgage if I really wanted to stop recently but then I said - no, it’s ok because I thought that was better than spending the money.

BUT I guess I can say actually we should first put it to my student loan and then to the kids college fund - which is not tax deductible like to mortgage and maybe that works.

[b]Still no porch for me![/b]  Maybe some day. [/quote]

Is this really the first time that you thought of the fact that the choice is not just between paying off low-interest mortgage debt vs spending the extra, but instead include "paying off higher-interest debt" and saving for college, emergencies, and (once that's covered) indulgences like screened porches? [/quote]

+1  We have no debt outside the mortgage, adequate college savings, and enough cash on hand I still have wavered on getting a screened porch that I've wanted for 15 years for our house. It's just a fairly large expense that is hard to justify if you have competing priorities.  It would never occur to me to spend that much on a relatively frivolous want when I still had debts outside the mortgage.  Maybe you need to see what you currently spend on frivolous wants and lessen those and start a screened porch fund so you're actually saving it, not cannibalizing your other priorities/obligations.[/quote]

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