OK, maybe not shenanigans, but here's what I was thinking about last night:
I save up to pay cash for my kids' private school tuitions every year (no, this is not a discussion about whether I should be doing that ;). I also have a HELOC I'd like to pay down so I can save it for emergencies and, well, have it paid down. It's at 4.75%, and currently costing $50+/month in interest.
So, if I "store" the tuition in the HELOC, I save real cash every month. All well and good.
However, how in the world do I keep track of that? I have two inclinations: accept the challenge of tracking it in a spreadsheet somehow, or just trust that I've got the money available and pull it out of the HELOC if appropriate when I need it.
Any thoughts? I hate complexity, but I also hate shelling out interest payments, and I hate not feeling like I have control over my money.
I'm probably overthinking this, aren't I? Someone tell me I am. :)