When you can’t do it all, how to save for college?

[Anonymous]

Anonymous wrote:You're currently paying for daycare. Isn't that pretty close to a state school cost on a per annum basis? Just take that money and allocate to college cost. You will likely have a few years before you actually are paying college costs so put it in 529, then just keep paying. Unless your daycare is free it should be a good chunk of the puzzle.

Good advice!

Another point is when they get older, there's their sports/activities costs that you won't be paying and could be money towards college. When my DD retired from competitive gymnastics in HS, that was at least $7K a year we had to go instead towards her college tuition. When my DS ends travel soccer in couple of year, that'll be a few thousand. Certainly won't cover the cost of college, but it helps.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You're currently paying for daycare. Isn't that pretty close to a state school cost on a per annum basis? Just take that money and allocate to college cost. You will likely have a few years before you actually are paying college costs so put it in 529, then just keep paying. Unless your daycare is free it should be a good chunk of the puzzle.

Good advice!

Another point is when they get older, there's their sports/activities costs that you won't be paying and could be money towards college. When my DD retired from competitive gymnastics in HS, that was at least $7K a year we had to go instead towards her college tuition. When my DS ends travel soccer in couple of year, that'll be a few thousand. Certainly won't cover the cost of college, but it helps.

. Just in time for braces and then increased car insurance for their licenses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Encourage your kids to get an ROTC scholarship. There is no service commitment for freshman year, they can quit and don't have to pay anything back!

How do you go about getting this type of scholarship?

They need pass the physical as well as major in something they want- like engineering.

ROTC scholarships are very competitive. You have to really want them and be able to persuade the military that it's THE THING FOR YOU. The application does require a physical and you do have to major in something that the branch of service would like you to, but it takes a lot more than those two things to actually win the scholarship.