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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow! I wish we all had a grandpa like that. When my husband’s father passed, he left $200,000 to our family but my husband in insisted on spending the money on a luxury boat while he could of put the money into a trust fund for our children’s account. Now he’s my ex husband. [/quote]

Good God! what an idi@t![/quote]

Unless college is fully funded (all kids, 85K+/year), retirement set and your mortgage paid off, at least 75% of that should go towards those items.  Then maybe $20-30K can be a splurge.  I'd divorce someone that stupid with money as well
[/quote]

How can there be a splurge? It’s for education. [/quote]

If you suddenly come into $200K inheritance, you are allowed to use a small amount to splurge, as long as you are paying all your bills.  Putting $150-175K towards college is 150-175K more than you had a day ago.   Also that is $75K towards each kid (assume you have 2).  So in a few years that will be 2 full years of instate.

However, if I had nothing saved for college, I personally would put it all towards college but recognize that some people might want to splurge a bit, and that will help them continue saving for college. [/quote]

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