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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Nothing. I saved every dime either of them got for holidays/birthdays/baptism/etc. They added to it with summer jobs. Each one had/has upwards of $25k. If they spend all of it, that’s over $600 a month per school month if they add nothing else to it for 4 years plus they still get $ from various relatives for birthdays and Christmas.

My parents did the same thing and I was told from an early age that it was for everything tuition, room, and board wouldn’t cover…so school books, food out, movies, beer, etc. I left for college with $15k and graduated with $12k. I was able to buy my first car (used) with that which I needed for grad school and put down security and first month’s rent on my apartment. [/quote]

So, the answer isn’t “nothing,” it’s $25,000. If we had saved every dime my kid had ever received as a gift, plus summer job $$, there’s no way it would be close to $25k.  You have a generous family. Good for you. [/quote]

Sure, my family is generous but I don’t think overly so. They benefitted greatly from several years of good returns since I invested their money for them. Even just the $25/kid/holiday and birthday from birth to 18 from 2 aunts, an uncle, and 2 godparents was $4500 alone, they worked 3 full summers, and had odd jobs babysitting and such before that. Conservatively I’d say each kid banked $12k from jobs, then the birthday and holiday money gets you to nearly $17k. Then returns and one off gifts for baptism, first communion, high school graduation, etc. It added up. [/quote]

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