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Reply to "Anyone make $200k + not saving much for college?"
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[quote=Anonymous][quote=Anonymous]We are in this boat. Make $250k but with mortgage, daycare, our student loans, etc. we're not saving much for our kids' college educations. I just read somewhere today that my alma mater costs $67k all in. Gulp. We're only saving $200 a month per kid (2). That is not going to cut it, needless to say. My best friend saves $1250 per kid (3). Of course they make more but still. Sigh. I worry about the amount of loans my kids will have to take out: $$$$$. Anyone else here?[/quote] Count me in We didn't have time to save for our oldest (moved to US 15 years ago). So, between mortgage ($3K), college for oldest DC (2k/month - state school), and retirement savings for us - we can't save much for our youngest kids. Our plan is to downsize from our big expensive house in good school district to cheaper neighborhood, and use cash to pay state school equivalent for youngest. I do not plan to pay private school tuition (60K+) in full. [/quote]
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