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Reply to "How much do you save for college each month and what is your childcare costs?"
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[quote=Anonymous]HHI: $160k Childcare: $1600/month for two kids We do not save for college from our paychecks. We aren't even maxing out our retirement yet so I won't even contemplate college savings right now. But my parents have contributed $20k for each kid so far and will likely add more each year. MIL also has a 529 established for the kids but I don't know how much is in it. FWIW - my financial advisor said we'd have to contribute $400/month to 529s if we wanted enough to cover college costs when the kids were 18. Number was based on current rate of inflation for college tuition.[/quote]
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