Reply to When netting zero dollars, would you put 20k towards college or a better infant care provider?

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Reply to "When netting zero dollars, would you put 20k towards college or a better infant care provider?"

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[quote=Anonymous]With limited funds, would you put the $ in infant care or towards college funds? HHI about 200k, bought a house last year with a big DP, two rentals, but we still net zero after mortgage and childcare costs. One person's earning potential is limited, the other's salary may go up but who knows. Currently job searching.

We can put our infant son at Daycare A that is ok but not that great or with provider B whom we like much better and the adult child ratio there half than the daycare A. But option B is pricier and it means we need to use $600 each month from our savings. If we go with B for the next 3 years before preschool starts, that's a something like 21k difference.

If I invest the $600 instead, 20k might turn into something much bigger and help the child better. Currently we end up net zero if we fund retirement and put $300 in his 529 (I know his college fund is underfunded but we are not aiming to fund 100% of costs).

Ideally I would like to go with B but want to fully understand the ramifications of doing that. As long as the infant is kept alive and gets ok care, maybe $$ is better spent for later? [/quote]

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