Quote:
|
Originally Posted by Tree0164
We put away $150 a month for the 3 kids (6 and 2 3 yr ) into a 529 plan. That amount may get bumped up to $300 a month shortly. They will get that amount The rest will come from scholarhips and them taking out a student loan not me. State colleges will give you a good education for about 1/2 the price of private univerisities.
Kids can take a loan for college, but I can't take a loan out for retirement.
|
Your approach sounds good, Theresa.
This is where my older sister would point out that the younger kids in the family get the better deal, because parents' financial circumstances often get better as they get older and they can save for/help out the younger ones more. It sounds like there will be a bigger nest egg for your two youngest when they go to college than there will be for the oldest. Of course, tuition will have gone up, so the younger ones will need more money.