I agree with Sid. I think, knowing more that there should be some sort of compromise. Can you save a portion in high yield CDs or mutual funds and then spend a portion of money to fix up the house. Consider this too. It's not like you are buying a Lamborghini. Most improvements you make on the house will give you a higher return in the end. It is an investment.
If you can't make up your mind and come to an agreement, then maybe you should hire a financial planner (NON-COMMISSION - can't stress that enough) who will help you figure out a way to have both. Maybe if he sees a plan to make sure her college is taken care of, you can enjoy some of your money now as well.


