Reply to FA for 200k HHI

Forum Index » College and University Discussion

Reply to "FA for 200k HHI"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]um, why have you put nothing aside for your kids' educations? We just recently got to this HHI, and we've been saving since our first was little and we were living on @$100K[/quote]

Keep living on the $100K and save the rest for college.[/quote]

That’s nice, but we wanted a second child, so we needed something larger than a 2 br th. Our expenses grew over time along with our income.

We’re putting money into retirement and a 529 along with paying regular bills[/quote]

DP.  Then you should have something saved and should be able to afford much more than 10k/yr. 
I would examine your expenses. At 210k, you should be able to contribute more than that, especially with 529 savings. Eating out, cars, subscriptions, travel -- all that can add up.[/quote]

I’m not OP-I was the poster who said we started saving in 529s when we were living on $100k. Someone suggested living like we were still making $100k, which just didn’t work for our circumstances. We have been upping our contributions to certain accounts over time, but expenses have also gone up. This year with my eldest driving has been a bit painful - the extra insurance, extra gas, extra vehicle (sadly, we now have 2 car payments when we thought we’d only have one in the next few years)

I’m really just wondering why the OP hadn’t put anything away for education[/quote]

You did not need to buy your child a car, you choose to.  [/quote]

We didn’t buy her a car, but due to a school transportation issue, she needed a vehicle. My husband bought a vehicle for himself, then one of the original 2 vehicles died unexpectedly. Crap happens.[/quote]

You could share or drive her.[/quote]

No, I cannot due to schedules.  The schools don’t provide a bus to her this year for her academy program due to THEIR scheduling. We had to obtain 2 parking passes just for this to work. Trust me, I was not thrilled with any of this. We live walking distance to all 3 of our neighborhood schools. The other “choice” was to make her drop the Academy program class that literally kept her alive during pandemic year. It would be nice if we could put that money into savings, but what is your child’s mental health and happiness worth to you?

And again, the second stupid car payment wasn’t in the plan. We planned to keep the 2 paid off vehicles until the wheels fell off. Then the Toyota (yes, you read that right) died for no reason. Repairing it was too expensive, so we had to purchase another vehicle against our will because I need a vehicle to get where I need to go. I wish public transport was an option for any of this, but it is not-I looked.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics