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College and University Discussion
Reply to "This is not real life - paying for college edition"
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[quote=Anonymous][quote=Anonymous]We started funding my daughters' 529s as soon as they were born. We started with $2500 each annually in my account. As our incomes grew we added $2500 each annually in my wife's account. It felt hard originally to put away $420/mo. It got easier and we went to $840/mo. Oldest DD will finish with money for grad school available, or an IRA rollover with some additional left over. My younger DD is well on her way to a little more when she reaches college age. Compounding works wonders. [/quote] In other words, you’re a perfect example of the “diligent saver,” common on DCUM, but whom OP was surprised to discover is actually atypical of American parents of college-bound students. [/quote]
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