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Reply to "Tips for saving for college? How much to do you put into your kids college savings acct?"
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[quote=Anonymous]I paid cash for my 3 kids college/living costs and it was easier then most people think. Few if any of my friends were able to do this for there kids. My secret, when our first child was born I simply put aside $100. per paycheck and my wife did $75.00. During the next 20 years we did this for all 3 of our kids including increasing the amount a little from time to time. Starting off with this $100. per paycheck was easy and I never noticed a real difference in my pay. Spread out over the years with normal pay raises it wasn’t even noticeable. We continued to pay this x3 all the way through the graduation of the youngest. Besides having cash available to pay all the college bills without worrying, as soon we stopped paying into this college fund it was instantly a huge pay raise for the both of us. Do the math, saving just a little each paycheck will end up being a ton of money.[/quote]
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