Reply to Is it messed up to not save for your kids college even if you can afford it?

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[quote=Anonymous]I actually have the same question as OP except that it’s really not clear we can “afford” it. I mean, we can afford to save something but it’s entirely unclear how much. We are extremely not rich (HHI of 120k). Every year it’s this dance of how much do we put in retirement, how much for college savings for our kid, how much do we allow ourselves some handful of basic enjoyments (vacations, restaurant dinners) so that our life isn’t just a slog of work, school, and saving every penny for a an unknown future.

Sometimes saving for college feels futile because if our kid went to college today, we’d qualify for a lot of aid at many schools. So every dollar in the 529 feels like a meaningless depletion of our aid award. Obviously any school will just take what’s in the 529, so why not sign our kid up for dance classes she wants even if it means saving less for college? Why not go ahead and take a trip on an airplane instead of exclusively doing road trips for vacation, since 20 years from now we might all appreciate that more memorable vacation more than an extra $1200+compound interest in the college fund.

These are the questions that plague me.[/quote]

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