Reply to s/o the 250-400k income thread...what are you saving each month?

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[quote=Anonymous][quote=Anonymous]"Since the idea that we should all be saving "four figures" each month came up a few times, if you want your kids to be able to attend a selective private college. What are you saving? What is your HHI? How much do you have total so far and how old are your kids?"

We started saving $300 per month for each child when they were born.  We stopped saving in college earmarked investments when our older son was a junior in high school and had $140,000 in his 529.  We just stopped saving now that our daughter is a freshman in high school and has about $120,000 in her 529 plan.  The idea is that the 529 plans pay everything if they go in state public, and we'll pay from general investments if they go private.

Our HHI was $180,000 when we started saving in 2000.  It's now well over $400,000.

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Thank you for this data point! I have also been saving $300/month/child since each child was born, and was worried I was way underfunding their accounts. But if I get similar results I will be thrilled (esp. since we were able to cash flow $3K/month during the daycare years.) Did you always only contribute $300/month to get to these numbers? [/quote]

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