Reply to Is It Really Gonna Cost $280K? OMG

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[quote=Anonymous][quote=Anonymous]Congrats to your kid. I don’t want to diminish that with my next discouraging paragraph about the money.

I want to remind you that while your kid is in college, life goes on and things still go wrong.  I am about to do some unexpected and expensive maintenance on my house that cannot wait any longer. Price of a decent car.

I would be in a tougher situation if my child were at a private school full fees. I urge you to consider what it will feel like living o; the edge for the next bunch of years. Some people are comfortable with this, but I wouldn’t be.[/quote]

So, yes, that's you.   I would do the same in your position.  I am frugal like that.  But because we are fortunate with a large bucket of money sitting in our 529, we will send our kid to a school in the top 20.  Even if our roof fell through, we would still be fine.  We could even go out and buy a Tesla tomorrow and still send our kid to that school. (But we won't...we drive 7 year old cars).  We are a balanced family with good fortune of high income and lots of investments, and we will use some of that money to give our kid the best possible opportunity.[/quote]

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