Reply to High income but 3 kids in college at once- financial aid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is why you forego vacations and restaurants and Starbucks and salon coloring and manicures etc as needed once they are born to start saving for college. You had 18 years’ notice. [/quote]

Haha 18 years of no Starbucks doesn’t make nearly enough for three college tuitions. This is the dumbest advice ever. [/quote]

Starbucks, hair, nails but it depends on what you spend.  Vacations, new cars, yes. It absolutely helps, especially if you have three kids and want to send them all to private.[/quote]

I know people who make that much money and still don't have enough for private college. I haven't seen them doing any of the things first PP mentions.

You people just looking to judge. [/quote]

Exactly. Your own student loans. Mortgage. Cars. Saving for your own retirement. Medical costs over the whole family. Insurance costs. TAXES (mine have gone up since 2016). Child care costs. Regular items (food, clothing, etc.) Phones/IT (don't give me any BS about those being extra - they are not in this day and age). All the extra fees for things at school. Maintenance costs that are just part of life: car maintenance, house maintenance (roofs age, septic tanks give out, appliances stop working, sometimes all at once). Sometimes people are supporting parents, siblings, etc.

There are ANY NUMBER of very good reasons that do not include living extravagantly as to why simply paying out of pocket is not an option at that income level. Half a million dollars, while a lot of money, is not the same as being a Bloomberg, Buffett, etc. So just stop.[/quote]

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