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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]HHI is about $280k. We have 2 young kids and do automatic $400/mo contributions for each kid. We also add in every birthday/Christmas/etc. gift from grandparents etc. So, usually it's about $5-6k per kid per year. Kids are still very young (3 and 1) but I think this has us on track to have the 529 cover full cost for in-state public. If the kids want to do something more expensive, we'll figure out a solution that works for the whole family -- probably some combination of student loans, other non-529 savings, and cash flow. (Consider, we can easily cash flow the $5k/year we're currently putting into the 529). [/quote]
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