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We're not saving for our kids' college. The oldest is 16 years away, and we believe that college will either be totally unaffordable, or the bubble will have bu
by nsxwolf 13y ago
We're not saving for our kids' college. The oldest is 16 years away, and we believe that college will either be totally unaffordable, or the bubble will have burst and won't exist in its current form.
We are focusing on our retirement instead, because we believe it's far better to take care of that and not become a burden on your kids just when they're trying to take care of their own families and retirements.
- danudey 13y agoIt's also far more valuable to teach your kids to save for their own college. A few years of odd jobs, paper delivery, whatever will make them appreciate that money isn't infinite. My parents didn't (and couldn't) afford to pay for my college, and thanks to that I knew that every year I stayed would be another ten grand in debt I would have to pay off. That led to me leaving university after a pointless year and going into the workforce. As I suspected, it was the best education-related decision I'd made. That said, be careful. Student loans offices generally make the assumption that parents will contribute towards their kids' education; if the current status quo does remain at that point (and I hope it doesn't) they may find themselves unable to afford college because they'll be told that you'll be paying for half of it.
- sliverstorm 13y agoI don't know that a paper delivery route will have a meaningful impact on college tuition.
- chongli 13y agoYeah, unless they plan on delivering papers for about a century or two.