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Reply to "S/O What is our obligation as parents regarding college $$$?"
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[quote=Anonymous]Here’s how I make that choice. Every month I have about $5,000 left in disposable income. $1,000 goes into each of the following accounts: kids 529s and vacation fund. The remaining $2,000 goes toward my savings/investments. Saving $1,000 a month in their 529s will land the kids at $50k/year for college (I started late and based on present value). I feel comfortable with this decision. I’m balancing my longer term needs with my desire to bring my kids on great, cultural vacations, and ensuring they will get full instate paid for with something left over for grad school or most of private paid for. That’s the best I can do. If I made 450, I’d fully fund undergrad and grad. [/quote]
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