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re: Those with children: how much are you saving per child for college?

Posted on 2/1/16 at 1:16 pm to
Posted by ShoeBang
Member since May 2012
19367 posts
Posted on 2/1/16 at 1:16 pm to
Some wealthy people talk all up in this thread.

Wife and I gross about 110k a year. Rent, Student loans, daycare for 2, 1 car note and insurance, then all ancillary bills. Lucky to save 1300-1600 a month.

Good on you guys, cause I can not afford much for my kids' future at the moment.

Chances are, my kids will either need TOPS (if it still exists) or they will have to work almost full time if they want to go to college.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 2/1/16 at 1:50 pm to
quote:

Wife and I gross about 110k a year.

At some point in their 18 years, you should be able to allocate funds to a college fund for your children if you want to. At that income level, you'd be choosing to pay for other things if you're living in an average cost of living area.
Posted by danilo
Member since Nov 2008
20253 posts
Posted on 2/3/16 at 7:37 pm to
Rent? What you doing having kids will being a renter?
Cant save a portion of that 1300-1600 for them?
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