We made our final college investment contribution this week. We have been sending in $333.33 each month to our youngest daughter's ESA. She turns 18 in July, so we increased it from $166.66 we have done monthly in previous years in order to meet the maximum contribution for the year. Once the child turns 18 you can no longer contribute to their Educational Savings account.
I'd really like to send this money to the Big Goal. But I may need to be realistic and save it for out of pocket college costs that may not be covered with what we have saved.
I'll run some numbers soon and see what we should do, since it may not need to be an either or decision. In the meantime it does feel good to check off that goal! Invest for college complete. What baby step would that be on the Dave Ramsey plan?
College Investing Complete
June 22nd, 2018 at 05:35 pm
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