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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]When each of our 2 kids was born we opened a 529 account with an initial deposit of $10K and set up monthly deposits of $250. Every year when we get our annual salary increases we have increased the monthly 529 contribution so we don't see a reduction in our net living income... and we use a portion of DH's annual bonus every other year to boost the savings. Our kids are 7 and 4 now and we're contributing $500/mo per child. We plan to increase this to $700/month per child when we get this years salary increases, and that will be the steady state (aside from the occasional boost from bonus $).[/quote]
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