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Reply to "How much should you contribute per month to 529 plan?"
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[quote=Anonymous]I started putting away $200 per month when my oldest was born and since then have increased that by about $25 per year. He is now 15. Did the same with my youngest. At this point, we put away approximately $600 per month. We have $90,000 for the 15 year old and 66,000 for the 11-year old. If we keep up at this pace, we should be in good shape to pay for a private school. And if the older child goes to a less expensive school, we may find that we have money left over and can reduce our contributions into the younger child's account. The advantage of the slow ramp up is that I have never noticed the pain of having to save so much money - it's like I never had it. My advice: start saving early![/quote]
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