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Money and Finances
Reply to "Is this possible without family money?"
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[quote=Anonymous]It is but only if they're not saving enough for college. My FA says you have to be saving at least 1250 for every kid from BIRTH if you want to be able to pay 100% of private college in 18 years (need to save up 300-400k). Also, how do they take vacations or do anything fun like go out to dinner or get concert tickets or theater tickets? How do they pay for activities and camps? Even "cheap" ones add up with 3 kids. Also with the mom being a SAHM she's not saving anything for her own retirement. If they don't have family money, and they do spend money on vacations and entertainment, their finances must be a mess.[/quote]
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