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re: Does anyone NOT save for your kids college?
Posted on 8/14/13 at 2:50 pm to meeple
Posted on 8/14/13 at 2:50 pm to meeple
No kids, but I have already decided that I will put some money aside in a savings account when I do have kids. I am going to make it understood from a very young age that if my kids do not want to study something practical like science or engineering then I will not help with college. I do not plan on footing anything extravagant either. I will help with instate expenses.
2
Posted on 8/14/13 at 2:54 pm to pink_lemonade
quote:
if my kids do not want to study something practical like science or engineering then I will not help with college. I do not plan on footing anything extravagant either. I will help with instate expenses.
Agreed
Posted on 8/14/13 at 2:59 pm to pink_lemonade
529 for college tuition and $600 plus xmas and birthday $ currently per year in a student account earning 1.5% at the moment, when started was 2. 3 year old has $2500, 4 month old has $1500.
Remember 529 are pretty strict, make sure you diversify or you could pay heavy taxes.
Remember 529 are pretty strict, make sure you diversify or you could pay heavy taxes.
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