"Three more months of daycare, and then we free up $900/month forever!" exclaimed the father of 5 year old child destined for kindergarten.
Investing the $900/month for college for the next 13 years would result in a college fund of $217,519, given a 7% assumed rate of return.
With this thinking, consider all the opportunities you have to turn children's monthly expenses into college savings vehicles. There's disposable diapers. Which depending on your child, could cost you $35-$75/month for up to three years or so. There's formula. That can cost you $100/month or so, for six months to a year.
It's truly remarkable how quickly reabsorb margin back into their financial lives.
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