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Reply to "If Your Parents Paid for College..."
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[quote=Anonymous][quote=Anonymous]...do you feel financially obligated to "pay it forward" and do so for your children? This is one of the reasons my husband and I are both working and both saving for college. I'm curious to know if others feel this way.[/quote] Yes, and one of the reasons we started saving before our children were born. Same for retirement. Our HHI is on the higher end of the DCUM poverty zone, yet we have been able to save appropriately for college and retirement. No trust fund, no $$$ inheritance. The key for us was to start with our first jobs and build from there and not spend frivolously and have children in your 30's after careers have been established. We are now in the the first of their "college" years and it looks like we have enough. Definitely, if both out to out of state schools. If younger goes to a high end private, then we will have to adjust some of our spending, but it will still be doable.[/quote]
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