I always feel a little guilty when people talk about saving money for their children's college tuitions. My earning is limited and I am playing catch up, or so I tell myself. But in the end, to be perfectly honest, I have no plans to save for my children's college. They will just have to bear student loans as I have. I also hope that it will help teach them financial responsibility as it has taught me.
To be frank, if I was in that situation, I would not have picked vacation either. I think the best memories are the quality time and attention you give them, and that doesn't have to involve much money at all.
No, if I had extra money, I would probably use it to accelerate my financial plans instead. Then, if there are still money to spare (though I can't imagine that), then I'll look into a 529.
But that's just speaking for myself.
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