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Reply to "College savings--GAH!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How do you budget for other very costly things in life? We are middle-class and save $100/ month per child. I don't want to save more for this because I want to also save for house renovations and vacations. I also don't want my kids to graduate from college with six-figure debt. Do you all have house funds/vacation funds, etc in your budgets?[/quote] We don't save for house renovations and vacations (?). We do those things only if we can pay for them out of current income. College savings are much more important to us than renovating the house.[/quote] Then there is no way you are middle-class. You have tens of thousands of dollars in current income sitting around? Or you don't plan on taking a vacation for he next 18 years? If the answer is yes to either question then I don't think you meet the definition of middle class.[/quote]
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