tag:blogger.com,1999:blog-32639162.post116070305481596550..comments2023-12-07T01:00:56.264-05:00Comments on My Wealth Builder: Saving Money for CollegeSuper Saverhttp://www.blogger.com/profile/11172939501208456194noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-32639162.post-1163729138769497622006-11-16T21:05:00.000-05:002006-11-16T21:05:00.000-05:00FIRE Finance,Thanks for including this post in you...FIRE Finance,<BR/><BR/>Thanks for including this post in your favorites.Super Saverhttps://www.blogger.com/profile/11172939501208456194noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1163697574540638492006-11-16T12:19:00.000-05:002006-11-16T12:19:00.000-05:00Thanks for this informative post. We have listed y...Thanks for this informative post. We have listed you as one of our <A HREF="http://firefinance.blogspot.com/2006/11/carnivals-festival-of-frugality-48-is.html" REL="nofollow">favorites from the Festival of Frugality #48.</A> Keep up the good work.<BR/>Cheers<BR/>FIRE FinanceFIRE Financehttps://www.blogger.com/profile/07627857144057458666noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1163538726581033392006-11-14T16:12:00.000-05:002006-11-14T16:12:00.000-05:00Yep, it's scary. My goal is to pay for 50-75% of a...Yep, it's scary. My goal is to pay for 50-75% of a state college education for my son, age 3.<BR/><BR/>I have a Fidelity credit card (it was MBNA til a few weeks ago, now it's FIA) that contributes 2% of all my purchases to my Fidelity 529. These days 2% cashback may not be the best deal you can get, but it's not too shabby either.Tiredbuthappyhttps://www.blogger.com/profile/17292908687495239545noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1161402361304786862006-10-20T23:46:00.000-04:002006-10-20T23:46:00.000-04:00Worried,Good luck to you also. I have started a ...Worried,<BR/><BR/>Good luck to you also. <BR/><BR/>I have started a UPromise account too, but have only accumulated less than $1 after a few months. I'd be interested to hear if people are getting signifcant savings from such accounts.Super Saverhttps://www.blogger.com/profile/11172939501208456194noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1160735787134382872006-10-13T06:36:00.000-04:002006-10-13T06:36:00.000-04:00Golbguru,I was suprised by magnitude of both the e...Golbguru,<BR/><BR/>I was suprised by magnitude of both the estimated future tuition and savings per year needed. <BR/><BR/>For reference, to be conservative, I used a high tuition number as a starting point. One of my colleagues, whose child is applying to college, told me the high side tuition for private schools was about $42,000 per year today. I applied a 5% growth rate to get the $90,000 future estimate. So the cost and savings needed will be lower if an average tuition cost for today is used.<BR/><BR/>Also, some of the education savings plans, 529s for example, can be started prior to your child being born. You can open it in your own name and transfer it to your child at a later date.Super Saverhttps://www.blogger.com/profile/11172939501208456194noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-1160730045690356242006-10-13T05:00:00.000-04:002006-10-13T05:00:00.000-04:00Some of those numbers are really scary. I think I ...Some of those numbers are really scary. I think I will start some fund even before our first kid is born (if that can be done)GolbGuruhttps://www.blogger.com/profile/17172183349408960827noreply@blogger.com