Reply to Anyone make $200k + not saving much for college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Soon to have 2 kids in daycare @ 3100 per month.  We put in a few thousand a year from a combination of allocating some money from my end of year bonus and a very paltry monthly deduction.  All we can do for now.  Grandparents have committed to save 10K per kid, but I'm not sure how they've done it (they didn't give it to us), or if it really exists, so I can't count on it.  If they have set it aside, it's in a savings account and won't grow very much.

I hear a lot about the "yeah, you think you'll reallocate money from daycare, but older kids are expensive too!" and you only really hear this from people who currently have older kids and were decidedly NOT paying over 3K per month in childcare 15 years ago.  So I take it with a grain of salt.  I know I won't be able to reallocate the full 3K to college savings because of aftercare, but I'm side-eyeing anyone who claims to not be able to re-direct ANY of it.  [/quote]

Yeah but this thread is full of people assuming they'll be in position to cash flow, will be making more money, etc.  No future bumps in income due to the economy, lay offs, health, etc.   Seems naive.  [/quote]

Yes, anything could happen, but that's not the argument being made by the people who are arguing that any child care savings will be eaten up by activities and after care.  [/quote]

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