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[quote=Anonymous][quote=Anonymous]You sound really uninformed. The main reason to save is because you don't know what the future holds and it gives your kid options. You do you. But for me that's the definition of good parenting, giving your kid options.

See the PP that paid off her mortgage by 30 - I can think of a dozen ways that this benefitted her and I don't even know her.

[/quote]

This. My DH and I have talked a lot about how unlikely it is that college will work the way it does now, financially, by the time our kid is college age (in 15 years). It's already changed a lot since we graduated from college 20 years ago. It feels like we are hitting a breaking point with college costs and I think it's incredibly unlikely that the student loan system will continue to operate as it currently does for another 15 years -- it might not even survive the next 5 years because that dam is breaking.

But we are still putting money away for our child, just with the assumption that it may or may not pay for college. Maybe college will be something only extremely wealthy kids do by then (I hope not, but who knows), and she can use the money to get started on a different path, buying a house or getting technical training or certifications. Or maybe college will be more stripped down than it is now, but also more affordable with programs in place to keep kids from taking out loans. In that case, she might only need some of these savings and will be able to put the rest towards a house or travel or starting a business one day. Or maybe college will look exactly like it does now and we will just be glad we saved something.

I have no idea. But I feel confident we'll never look back and think, "Oh what a waste, we should never have set that money aside for our lone child to help her get started in life." Money is always useful. Trust me, because I didn't start with any and it was really hard![/quote]

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