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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t get why the author didn’t save a realistic amount of money for college. It’s about priorities.[/quote] Do you understand that many families work to pay their bills and that’s it. I don’t have enough money to pay my bills some months so there won’t Ben any college savings. Not everyone is living beyond their means.[/quote] I do and I have sympathy for that. Her tone suggests to me that was not the case. She seems surprised that college costs money and that the $14,000 she saved isn’t going to do it. We saved from the time our kids were little. It was mostly small amounts (and a small direct deposit from one of our paychecks). We put all of those random checks you get (rebates, refunds, gifts from grandparents, and our tax refunds) into the 529. It grew over time. I think $14,000 for a donut hole family suggests they did not really try.[/quote] And I have to use every dime of my refund to pay my bills like most Americans. Most people don’t get gifts from grandparents either. My kid is thrilled at the $20 he gets from his Grandmom each year. [/quote] I suspect we will always disagree. I’m talking $50-100 per paycheck and yes, those $20 gifts from grandma. Neither my parents nor my DH’a are wealthy and we never got huge gifts from therm. DH and I both worked for the government so we weren’t rich. We were able to save $230k by starting when they were young and putting anything we could find in there. I guess that’s how I find it hard to believe the author could only save $14k.[/quote] The author said she was paying back her husband's school loans. Like I am paying for my professional school still. Saving almost a quarter of a million dollars is out of reach for most people.[/quote]
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