How much do you save for college each month and what is your childcare costs?
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Anonymous
| Please include HHI. We are trying to get a basis if we are over spending. |
Anonymous
| We put 10,000 into each child's account once a year when my husband gets his bonus. My parents also gift the kids trust funds at their birthday 10k each year. Our HHI is about 300k (it varies as he is in sales) and we also get gifted an annual disbursement from my trust fund of $56,000/year. Yes, we are incredibly grateful. |
Anonymous
|
We'll probably make you feel better about what you're spending. It's by FAR our biggest expenditure. Full time nanny for 2 kids ~$5k/mo. This includes health insurance and employer taxes.
For 529s, we put away $675/mo and put a lump sum of $10k in when I get my bonus. We know we're very aggressive in saving for 529s and hope to have college savings done early. Our HHI is $330k. |
Anonymous
|
If you have to ask, you probably are. Overspending, that is.
Cut you cable/cell phone bill. |
Anonymous
| $0 |
Anonymous
|
I will learn from this thread. Could you also include ages of your kids. I am putting away $650/month for my 7 year old and each year I add any lump sum increases, about $5k/year.
Thanks |
Anonymous
+ 1 We save for retirement instead. |
Anonymous
|
$0 college savings
Monthly childcare expenses =$2,900 |
Anonymous
| We put $8k into 529 each year and started with a lump sum of 10k. HHI is 130k. |
Anonymous
| 130k poster here. Childcare expenses are 2500 a month. |
Anonymous
| $0 into college fund. We are retired. Child is 8 and currently has ~170K in his 529. |
Anonymous
| $330 HHI, Childcare costs $3k monthly for two kids (both under 3 yo) , saving $12k annually in 529 plans. |
Anonymous
|
$250HHI,
$400/month in 529 account, $1350/month childcare - 2 in daycare one in before SACC |
Anonymous
|
$230 HHI
3 year old child $1250/month daycare $330/month college $1500/month retirement $500/month other savings (Still paying off law school--hope to divert that money to college savings next year) |
Anonymous
| $1000/month per child |