I have bags under my eyes. This is the result of tending to the sleeping/eating/pooping habits of a 1 week old. The bags under my eyes went away when I decided to run the numbers on what it will take to send young Teddy P. to college in 18 years. Wide awake.
According to the calculator on SavingForCollege.com, it will cost me over $460k to send young Theodore to Hanover College (my alma mater). This means that I would need to deposit $794 per month into a college fund in order to fully fund his education. Want to see what it will cost you for your children? Here’s the link. Enjoy. And by enjoy, I mean throw up in your mouth a little bit.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.