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[quote=Anonymous]We have sat down and looked at the finances this week.  We could go the full quarter the FC is threatening and make the 2 college tuition, room and board payments we owe in December. But, it will be tight. After January, it get dicey and we’d need to make some assets liquid.

We always knew the two toughest years financially would be when we have 2 kids in college.  We’ve saved like crazy, but we are still depending on cash flow for about 25%.   And the oldest kid is a senior. So this is the last tuition payment. So close to the end!   It was going to Be tight anyway. But with extra college related  COVID costs and tuition increases our cost projections for the oldest kid were a few thousand dollars off (like $5000 out of $200,000 total).

It’s great to say— you should save for college (we did, 2 overlapping kids and neither will have debt), and retirement (we are) and emergency (we are). But sometimes you have to prioritize savings. And for the last two years, college has been the priority. Then retirements takes the lead (DH 50 and I’m 49, yes, we had kids on the young side).

At least we will get our emergency fund back after reopening. And if I had to, I could put the seniors tuition on a monthly payment plan.  But I’d rather not. And won’t need to unless we have another emergency during shutdown. [/quote]

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