I would switch it around and put a good portion of the money into the 529 account and some into savings for the expensive extras. For the most part you can control many of these extras. We told our kids they could do one extra curricular activity outside of school and one attached to school. Ie Scouts outside of school and Music or swimming team with school.AMG79 wrote: ↑Fri Apr 13, 2018 7:41 amWestcoaster7... this is my question exactly. These responses have been very helpful for me so thanks for posing the question. We have two more years of high childcare costs and then I think we are going to plan to continue to put a good portion of the money we are spending now into an account earmarked for all of these expenses other parents are talking about. Some can go into 529s but it seems like there won't be much reprieve before new expenses arise. What do you think of that approach?
You have to balance their school workload and the overall family time. Ie we are not going to running around to 20 different activities each week. From middle school onward my kids were expected to do 6-8+ hours of home work every night.
College costs are a real issue and I would say for most all Bogleheads financial aid means Parent Plus loans. Scholarships are VERY competitive even if you kids has a 4.0+ GPA.