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Started By
Message
How much are you saving for your kids education??
Posted on 6/15/15 at 3:31 pm
Posted on 6/15/15 at 3:31 pm
I have a young'in and have no clue if I am on the right track or not? What are you guys stashing away 
20
Posted on 6/15/15 at 3:36 pm to threeputt
just $100/month into a 529 plan right now
I wish I could do more
I wish I could do more
Posted on 6/15/15 at 3:40 pm to Salmon
quote:
just $100/month into a 529 plan right now
Same for me X 2 kids.
Posted on 6/15/15 at 3:46 pm to threeputt
$50/month for each kid into the 529, both are under 2 years old. Feel like i need to be doing more than that though
Posted on 6/15/15 at 3:46 pm to Chaplain
Can money put into a 529 be used for private elementary/middle/high school tuition (not college)?
Just had a baby last week and need to do something.
Just had a baby last week and need to do something.
Posted on 6/15/15 at 3:47 pm to Motorboat
no
Posted on 6/15/15 at 3:57 pm to Chaplain
quote:
Same for me X 2 kids.
ditto
Posted on 6/15/15 at 4:02 pm to threeputt
I'd like to have 200k per kid when they graduate high school for college, if they don't use it I'll treat myself to something
Posted on 6/15/15 at 4:06 pm to threeputt
$2,600/yr/child - $100/check per child in to a roth.
My goal is to have about $75k per child. If they need more than that to get a literature degree from some private college, they're on their own.
Scholarships will be stressed so dad can go get that red convertible and hair plugs with his children's education funds.
My goal is to have about $75k per child. If they need more than that to get a literature degree from some private college, they're on their own.
Scholarships will be stressed so dad can go get that red convertible and hair plugs with his children's education funds.
Posted on 6/15/15 at 4:08 pm to threeputt
I'm just paying cash
Posted on 6/15/15 at 4:11 pm to yellowfin
That would be nice .. I just throwing like $500 a month into a savings account with kiddos name but I need to find a better place to put it ..
Posted on 6/15/15 at 4:17 pm to threeputt
529, less than $100 per month per kid. It's mostly to satisfy my wife; I don't think the tax benefits of the 529 outweigh the costs of having the money tied up. At the same time I don't feel strongly enough about it to start a fight 
Posted on 6/15/15 at 4:22 pm to Cold Cous Cous
Posted on 6/15/15 at 4:22 pm to threeputt
I think $500 a month would be pretty close to 200k in 18 years
Posted on 6/15/15 at 4:23 pm to Cold Cous Cous
$300/month for our two year old's 529 plan. We currently have around $22,000 in it. I'll make large contributions a few times a year.
Set up your plan by yourself or with the help of a trusted financial adviser. Don't let an adviser set it up your savings plan because they'll take a percentage of every deposit and there are upfront costs.
Set up your plan by yourself or with the help of a trusted financial adviser. Don't let an adviser set it up your savings plan because they'll take a percentage of every deposit and there are upfront costs.
This post was edited on 6/15/15 at 4:27 pm
Posted on 6/15/15 at 4:34 pm to Palmetto08
State 529 plan $200 month per kid. Got started kind of late and the 14 year old has maybe 30k. Fortunately I have enough income to pay cash and some RE to sell if it gets that bad LOL.
Posted on 6/15/15 at 4:34 pm to threeputt
I will cover 4 years tuition, room and board in an in state university. The rest will be on them. I had two jobs at LSU and parents only paid for my first semester.
Posted on 6/15/15 at 4:49 pm to threeputt
$400 a month into 529.
Posted on 6/15/15 at 5:24 pm to yellowfin
Good Lord man
Posted on 6/15/15 at 5:33 pm to jimbeam
I have a 1 week old so at this moment $0. But I need to figure out what we're going to do.
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