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re: How much are you saving for your kids education??
Posted on 6/15/15 at 8:53 pm to Fat Bastard
Posted on 6/15/15 at 8:53 pm to Fat Bastard
We put a nice chunk from an inheritance back when the oldest was maybe 8 or 9? Can't remember. Due to the diligence and work ethic of the oldest, didn't spend much on him at all ... didn't even take it out of the 529 as we had the cash needed ($500/600 per semester maybe). Child #3 ought to be ok scholly wise which is a great thing as Child #2 may use a good bit of what we have in 529. He'll have TOPS but more than likely not the extra schollys that older brother/younger sister will have. He's not into nearly the extra curriculars that the others are.
That said, we didn't want to go overboard with money in 529 ... I don't want much left in it. We're taking care more for our retirement as they'll have options (loans if needed) for their education. We don't have that option for retirement.
I would like them graduating without debt if I can help them like our parents did for us. It was indeed much appreciated and we're trying to do the same.
That said, we didn't want to go overboard with money in 529 ... I don't want much left in it. We're taking care more for our retirement as they'll have options (loans if needed) for their education. We don't have that option for retirement.
I would like them graduating without debt if I can help them like our parents did for us. It was indeed much appreciated and we're trying to do the same.
This post was edited on 6/15/15 at 8:55 pm
Posted on 6/16/15 at 6:54 am to tiger91
quote:
We put a nice chunk from an inheritance back when the oldest was maybe 8 or 9? Can't remember. Due to the diligence and work ethic of the oldest, didn't spend much on him at all ... didn't even take it out of the 529 as we had the cash needed ($500/600 per semester maybe). Child #3 ought to be ok scholly wise which is a great thing as Child #2 may use a good bit of what we have in 529. He'll have TOPS but more than likely not the extra schollys that older brother/younger sister will have. He's not into nearly the extra curriculars that the others are.
yeah we will have TOPS if we stay in state as well. Might be some other programs available as well. I can always pay some of the difference. That's the plan. They help themselves and I will help them. I do not want them swamped in student loan debt. no need for that.
This post was edited on 6/16/15 at 6:56 am
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