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Reply to "Can we afford a monthly mortgage payment of $4900?"
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[quote=Anonymous][quote=Anonymous]those who contribute to 529s, could you share with me how much per kid per month? OP, we have a HHI of 300K. Our mortgage including tax is ~4000. Max on retirement. Kids in daycare. No outstanding debt. We have left-overs at the end of the month. Right now, I'm just wondering how much I need to save for 529s without being outrageous. [/quote] Given your HHI (too high to qualify for financial aid), and given what college costs now (a lot), I think it is hard to save too much. Our kids are 14 and 11 and we have a combined total of $300K in their college funds.[/quote]
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