Reply to Did you folks not do ANY saving?

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Reply to "Did you folks not do ANY saving?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Aren't most people still working when their kids are in college? I'm saving for both my kids, but I'm also assuming that large amounts of my paycheck during their college years will be going towards paying their college expenses. Why are people thinking they need to have saved the total amount by the time their kids start college?[/quote]

+1. By the time my kids go to college, we're projecting that'll we have saved about half about their college expenses. Which makes it easier to pay the rest from our salaries. If college is $74k a year, half of that is $37k, which is basically what we paid during the daycare years with no savings at all, and when we both earned so much less than we do now. [/quote]

+2  If you could afford to pay a big childcare bill then you can cash-flow a good chunk of college expenses -- and could have saved for college once that daycare bill was done. (unless big things came up like job losses, medical bills, extraordinary child expenses, which certainly can derail the best plans for college savings)  [/quote]

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