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Reply to "Do you worry about being able to pay for college?"
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[quote=Anonymous]No, I'm not worried about it. 1. It is economically not feasible for tuitions to keep rising as they have, while middle class incomes are so stagnant. It simply will not be possible. 2. We live in VA - in state tuition very reasonable and a lot of great public options. 3. DS6 is very bright, and driven. I guess that could change, but I think he will have some options. Too soon to tell with DD since she is very little. 4. We have set up 529s for each of our 2 kids - not funded to the max like some PPs, but enough to take the edge off (so far, with projected earnings will be more than enough to pay full year or tuition for each kid. We still have some good saving years) 5. DH maintains permanent residence in another very nice country. DCs and I are also eligible and becoming fluent in the language. (I lived there for several years) There are many educational options there, student housing is cheap, and the kids will have family support. It is our "insurance policy" in case things get really bad here. 6. We plan to stay in our "starter home" - since I was SAHM for several years, we are used to living very frugally and don't need to have the latest, greatest everything. When we are done with daycare and our income to mortgage ratio improves, this will open up a lot of room for saving. 6. There is always ROTC. [/quote]
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