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Reply to "Paying for and saving for college - how do UMC people do it?"
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[quote=Anonymous]As soon as our kids were done with preschool we started saving every month. After a few years we were able to save 1k/month per kid (2k total). Kept that up until very recently. Better to start younger but we couldn’t afford it at the time. Now our first is in college and we have been able to cash flow this first year so we haven’t had to draw on the 529 yet. The college has a payment plan and it’s less than 5k a month. That is obviously a big expense but the first 2k we don’t miss at all because we had been putting that into a 529. We are still maxing retirement but we aren’t currently adding to savings otherwise. When our second starts college and they’ve overlap we will draw on the 529. [/quote]
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