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Reply to "Tips for saving for college? How much to do you put into your kids college savings acct?"
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[quote=Anonymous]I contribute a set amount each month. Every February I have it set to automatically go up a set amount. This timing coincides with a raise that I get annually. When my kids were first born, it was maybe only $25 a month. By now we are up to $175 a month per kid. We don’t feel the hit since we gradually increased the amount. We also contribute gift money received at Birthdays, Christmas, etc. Grandparents are encouraged to contribute in lieu of presents. Etc. Ideally, I would have enough to fully fund all college... but realistically, I am hoping to save up 2 years per kid. We will pay some out of pocket and they will likely take out some loans. I hope that we can help them after they graduate for a few years, either by matching payments or in some other way. [/quote]
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