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Old 11-08-2006, 11:40 AM
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Ima saver Ima saver is offline
$ Saving College Dept. Head
 
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Location: North Georgia
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Default Re: Does it makes sense to ask... how am I doing ?

Well, if you are saving 23%, you are doing pretty well. I forgot that you have to pay for child care. I would suggest that you write down everything you buy in a little notebook for a month. Look at see where that $600 is going??
also, it is more important to save for your retirement now than a child's education. i know you don't want to hear that, but it is true.
You can borrow for schooling, but you can't borrow to retire.
I think it is very important that you both open roth IRA's and contribute the full $4000 each. That is $333 a month for each of you.
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