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[quote=Anonymous]First, you have too much house. That’s more than we are paying with a HHI of 300k.  We underbought but in an excellent school district with college in mind.

Not sure what the ages of your kids are, and whether you have overlap.  If one is 14 (8th) and one is 3-4 (daycare), and your spread is 4, 9, 14 that sucks.  You might qualify for aid any years your kids overlap in college.

I would pay daycare, pay 401k to get the match, and then put any remaining money away for the oldest  for now.  When daycare ends, shift all the money to college, 2/3 to oldest, 1/3 middle kid.  Put all step raises (not COlA raises) towards college.  Put all windfalls, like tax returns and bonuses towards college.

Once the oldest is taken care of, 2/3 to the middle and 1/3 to the youngest.

By the time your daycare kid starts college, you will have two kids out of the house, possibly out of college, and hopefully self supporting, will need less house and should have higher incomes. Which makes you better able to pay out of cash flow for the last kid.

Also, GS 10 is low. That parent might want to start thinking about a better paying job.

Your kids will need to have the expectation they will work starting summer after junior year in HS. That you will not be paying for things like nice vacations, cars for them to drive and travel sports.  That they will go in state. And in your position, I would strongly consider the 2 years of community college to UVA/ WM, etc route, which save a ton of money and gets them a brand name degree.

Honestly, a lot of house, plus 3 kids, plus a parent capped at GS 10 is going to make it tough. You can’t give back a kid.  So think long and hard about whether you can do anything about the GS 10 job or high house payment. [/quote]

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