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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not everyone's circumstances are the same. Some who didn't save or save enough might unfortunately have had to deal with unforeseen life events and expenses, e.g., medical costs, eldercare, job loss. I'm sure many people just didn't plan well, but it's unlikely anyone has access to someone else's tax returns and bank accounts. Try to refrain from judgment and have some compassion.[/quote] +1 Despite starting to save for college before our children were born, we have not been able to save enough and our children will have/do have loans. DH lost his job during the recession and has never been able to earn more than 25% of what he used to earn. I had to take off about 7 years from my career because one of our children was diagnosed with a serious chronic illness and was in and out of the hospital all that time enduring multiple surgeries. We had our own loans from college and law school to pay back. We took in a relative and a friend of one of our kids for a couple years each when they had no had else to go. Saving for our retirement has been our first priority and college our second. We drive one 15 year old car with 300K+ miles and our kitchen and bathrooms are falling apart. No fancy vacations for us. Not exactly the lifestyle I thought I'd have being an attorney and having a spouse as one as well but that's okay. Good for those of you for whom life has gone according to plan and you've not dealt with any serious crisis that effects your ability to save enough for retirement and four years of college for each of your kids. Count yourself lucky but don't judge those whose circumstances you don't know.[/quote] Thank you for your post. [/quote]
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