Anonymous wrote:

Anonymous wrote:Soon to have 2 kids in daycare @ 3100 per month. We put in a few thousand a year from a combination of allocating some money from my end of year bonus and a very paltry monthly deduction. All we can do for now. Grandparents have committed to save 10K per kid, but I'm not sure how they've done it (they didn't give it to us), or if it really exists, so I can't count on it. If they have set it aside, it's in a savings account and won't grow very much.

I hear a lot about the "yeah, you think you'll reallocate money from daycare, but older kids are expensive too!" and you only really hear this from people who currently have older kids and were decidedly NOT paying over 3K per month in childcare 15 years ago. So I take it with a grain of salt. I know I won't be able to reallocate the full 3K to college savings because of aftercare, but I'm side-eyeing anyone who claims to not be able to re-direct ANY of it.

Yeah but this thread is full of people assuming they'll be in position to cash flow, will be making more money, etc. No future bumps in income due to the economy, lay offs, health, etc. Seems naive.

Anonymous wrote:I purchased a few rental properties and will cash them as needed to pay for college.

Anonymous wrote:We earn around $250k. I put in $900 a month, twins are now 4. I started at 6 months. Not enough but it is all I can do.

Anonymous wrote:Soon to have 2 kids in daycare @ 3100 per month. We put in a few thousand a year from a combination of allocating some money from my end of year bonus and a very paltry monthly deduction. All we can do for now. Grandparents have committed to save 10K per kid, but I'm not sure how they've done it (they didn't give it to us), or if it really exists, so I can't count on it. If they have set it aside, it's in a savings account and won't grow very much.

I hear a lot about the "yeah, you think you'll reallocate money from daycare, but older kids are expensive too!" and you only really hear this from people who currently have older kids and were decidedly NOT paying over 3K per month in childcare 15 years ago. So I take it with a grain of salt. I know I won't be able to reallocate the full 3K to college savings because of aftercare, but I'm side-eyeing anyone who claims to not be able to re-direct ANY of it.

Anonymous wrote:

Anonymous wrote:We make just about that and kids are 4 and 6. We haven't saved anything for the kids, though we generally have about 100k in savings. We are maxing out our 401k which I absolutely think should be a priority. We also bought a house we enjoy. We are not going to "scrimp" our way through life to save every last penny for college. At the height of their daycare we were paying about 35k a year. I figure we can go back to that mode plus some when the time comes. As youngest transitions to K we will probably look at more specifically setting money in 529s.

I graduated college with loans, and my partner put herself through school, so there are lots of routes. We are in VA and their are many options for in-state schools. Where there is a will there is a way.

Um, are you aware of what college costs in 2016? Public schools can be that much if you include room and board and all the related fees (such as books). What do you think it is going to cost in 12 years? It's not going to go down, that's for damn sure. Don't count on Hillary or Bernie doing anything for you.