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Money and Finances
Reply to "Parents of little kids: What are your college savings goals?"
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[quote=Anonymous]Another more middle class perspective. We currently save $125 per child per month. (4 and 7 year old). Each year we get a raise we have increased that amount a bit. After my next raise, we will be able to bump that up to $150 per child per month. We also throw in any monetary gifts from family/friends. We would love to pay 100% for both children, but know that probably isnt going to happen. We will pay for as much as possible out of the 529, cash flow, scholarships, etc.. We may even be able to help on the back end- matching loan payments, etc.. I don't want my children drowning in debt and will do everything I can to ensure them a bright future... but the reality is that they will likely have loans. Preparing them for that reality in advance is part of my job. Teaching them about finance, money management, debt repayment, choices we make that impact our future, balancing college with a part time job, etc.. [/quote]
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