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Reply to "Paying for and saving for college - how do UMC people do it?"
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[quote=Anonymous][quote=Anonymous]I have three kids. When I went back to work after maternity leave for each kid, I opened a 529 for then. Each got $250/month automatically deposited into their account. As the kids aged out of childcare, I tried to make lump sum contributions to divert that money to 529s. Frankly , you don't deserve financial aid because you do have enough for college, you've just chosen not to save. If you were able to pay for childcare and didn't divert those payments to 529s when it was over but instead improved your lifestyle, that's on you.[/quote] No, we improved our retirement savings. We live modestly so please don't make rude assumptions.[/quote]
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