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Money and Finances
Reply to "Parents: Where do you put your money after paying expenses?"
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[quote=Anonymous]How old is your home and what major and minor repairs and replacements are likely in the next 5-10 years? What is the deductible for your car and homeowner's insurance? Would you be able to afford a replacement car if something happened to one of your cars? How secure are your jobs? You need to be able to cover these kinds of expenses without incurring credit card debt. It sounds like you should stop the 529 contributions and divert that money into a savings account until you've built up more money. Hopefully, your childcare expenses will decrease over time and you can use the money spent there to go back to the 529 contributions. [/quote]
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