re: Best Method to Save for Childrens College?

Start off small but be consistent. As your income grows throw a little more love their way. I started with $100 bucks a month, then a few years in $200/mo, then several times that monthly number this past year. First kid is 8 years out.

I attended a meeting with the President of my grad school and they said that tuition + room is $32K a year. It was around $15K in the early 2000's College costs keep rising so prepare for that.

Other advice is you cannot borrow for your retirement, so don't let that interfere with your retirement planning. Although my goal is to fund it 100%, if I fall short he will get a loan to fund the difference, but he will appreciate the help already given.