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Reply to "Savings - screened porch v college?"
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[quote=Anonymous]So over the past 6 years you've essentially invested $115,200 (12x6x$1600) into your mortgage, with a 3.6% rate of return. You could have put some of that money toward your student loan, and gotten a 6% rate of return there. You also could have put it into a 529, and probably got a 5-8% rate of return depending on the mix of stocks and bonds you invested in. And recently, you could have put that money into CDs, I-bonds, or even a savings account, and gotten a 5-8% totally risk-free rate of return. Do you see how you've lost out on a large amount of money with the decision to prioritize paying off your low-interest rate mortgage early?[/quote]
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