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Reply to "3 kids under 5. How will I educate them?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] We only had one child, partially for this reason. And he has a prepaid tuition fund. [/quote] +1 We did the same thing. We paid it off by age five and now have a 529.[/quote] That's impressive that you funded your prepaid 529 in 5 years. It's over $40,000 just for a lump sum payment right now. [/quote] it's kind of arrogant. who says the kid will be going to college? i am not assuming that about mine, and we are a family full of phds.[/quote] I was expected to go to college. That is how I will raise my child. We used pre-child savings and paid off with tax refunds (took 0 deductions) and paid a little extra each month. I will raise my child to expect him to go to college too. It isn't an option in our home just like it wasn't for me. I also expect him, like I did to pick a major that will give him a career. If he wants a trade, like plumbing or electrician, no problem, but we'll expect he get a business degree so he knows how to run his own business. My parents paid for school and I see the benefits and I was always very financially responsible (hence want to try to do the same). My husband didn't and he struggled and didn't get his degree till age 40. Why would he want his child to go though the same thing if we can help. I find it kinda arrogant to have a good job(s) and nasty to not make your child's education a priority if you can afford to do so (there is a huge difference between making it every month and driving two fancy cars/big house).[/quote]
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