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[quote=Anonymous]I found out last night that we have relatively little college savings.  My husband manages all the finances.  Our kids are in 10th, 10th and 7th grades. 
We have $50K/kid saved and a deceased relative gave 35K per kid. We have an additional $50K per kid in another account that we can use for this. Basically $135K/kid in available funds. 
Then we have our retirement savings. 
My husband has always said (about college savings) "we're fine".  I didn't know what this meant until last night.  Yes, I am STUPID for never asking. 
Please be kind. 
We live in DC so don't have a pubic university option.  2 kids go to a private school (we pay for one, family member pays for one).  We can't move these kids as they are 
the high schoolers. So we have this cost ($50K) until the 10th graders graduate. We should not have put them in private but that is water under the bridge and was a Covid-year decision as 
they were floundering in 18 months of virtual public (again, please be kind). 
When the 10th graders graduate in 2 years we will be able to apply the private school tuition ($50K/year) to college and probably another $50K if we live REALLY frugally for 4 years.  So we will likely have 100K yearly that we can pay out of current income towards college during the college years. 
year 1) 2 kids in college, $100k current income plus $67.5K savings or $167.5K total to spend on college
year 2) 2 kids in college, $100k current income plus $67.5K savings or $167.5K total to spend on college
year 3) 2 kids in college, $100k current income plus $67.5K savings or $167.5K total to spend on college
year 4) 3 kids in college, $100k current income plus $101.25K savings or $201.35K total to spend on college
year 5) 1 kid in college, $100K current income plus $33.75K savings or $133.75k total to spend on college 
year 6) 1 kid in college, $100K current income plus $33.75K savings or $133.75k total to spend on college
year 7) 1 kid in college, $100K current income plus $33.75K savings or $133.75k total to spend on college

A couple of things: our jobs are secure and our health is good.  We will be about 50-56 during this period of time. 
One spouse has the potential to to make more money but refuses to consider changing jobs (a point of contention). The second spouse works in a low paying field and is at the max salary and can't really make more 
without re-training.

Does this look reasonable?  I realize that the numbers don't look so bad when I write them out.  I'm not particularly looking forward to 4 years of living like paupers in my early 50s. 
The moral of this story is to save for college.  I'm really not sure what my husband was thinking.  I have asked him FOR YEARS to talk about our future plans, etc but he has refused. 
He hates heated discussions and hates decision making and thinking beyond today.  Always has.  So I guess his solution to things was just to ignore it. [/quote]

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