Reply to Anyone make $200k + not saving much for college?

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[quote=Anonymous][quote=Anonymous]For all those PPs that have a plan to start saving after daycare, I really do not think it gets cheaper - at least not in my case. Daycare was about $650 a week for 2 kids back when kids were little.  But everything else costs more as kids get older, sports- including equipment and clothes, lessons, camps, clothes, entertainment, going out to dinner -- everything!  It seems like getting rid of that weekly bill will give you more but there are a lot of expenses that go up too. Try to put a few hundred a month away now if you can.  [/quote]

People told us this too, but we just transitioned our youngest out of daycare this year and found that we do have extra money to stash into college. You don't have to get caught up in the expensive rat race of travel sports and high-priced summer camps unless you want to go that route. You won't be able to move the full amount that you paid for daycare into savings, because you likely will have extended day and some summer camp costs. But we were able to easily divert an extra $500/mo per kid from former daycare payments into college savings. (We were paying $1100/mo for daycare in Arlington.) You just need to make a budget and stick with it. (And yes, I realize that the teenage years will cost more than the elementary school years, but that is even more reason to really stash college savings away when your kids are K-5-- not to mention that gives you more time to benefit from compounded interest.)  [/quote]

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