{ "media_type": "text", "post_content": "How much do you save for your kids college tuition? I just used a few online calculators and it said I need to save $600-$650 per kid per month. I have 3 kids all under age 4….\nAnyone know anywhere hiring that pays $200K+ for a tax manager??", "post_id": "60ef402ae293e20024b76981", "reply_count": 20, "vote_count": 6, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

How much do you save for your kids college tuition? I just used a few online calculators and it said I need to save $600-$650 per kid per month. I have 3 kids all under age 4…. Anyone know anywhere hiring that pays $200K+ for a tax manager??

like
Posting as :
works at
You are currently posting as works at

Your kids will thank you for whatever you’re able to put away for them, but as others have said always make sure you’re funding your real retirement needs before kids college. You can finance a degree, you can’t finance your retirement

like

Yeah I already max out my retirement and have rental properties that will supplement that along with 2 pensions so I’m good there. Just wondering about saving for college.

like

Are you talking about savings as in a 529 plan? I think the usual suggestion is to max out your own retirement stuff first (assuming you’ve paid off high cost debt) before doing kids college. $600/month seems aggressive. I did about that ($5k per kid per year) when my kids were first born for a few years but have since scaled back (wanted to make sure to start early so it had 16-18 years for funds to grow).

like

I did not fund 100%. My goal was to fund all the big payment amounts. So I pay tuition and fees from the 529 (first year this included room and board in the dorm). I pay rent out and books out of pocket and she pays the rest. This makes it manageable for us.

My kid is getting scholarships or student loans. I can’t afford to save money for them because I’m still paying off my own loans. Hope they’re smart 🤷‍♂️

like

You can borrow for college but not for retirement. Simple advice. OP, sounds like you are on the right track. I’m a realist and didn’t start funding college until my kids were done with daycare.

like

$100 a month x 18 years = $21,600 ^seems more reasonable

like

thats why the 22k is invested over the 18 years so its more like 50k

like

Send your kids to a community college for two years to knock out gen ed credits then to a state school. Probably won’t need to save even half what that said

like

They will be fine. I have 529 plans for my kids but certainly do not do $600 a month - I have three! They will have some $ for college and then can work off the rest - I did and am grateful for it!

like

That can’t be right 😦

We put in $1,000 a month for our daughter. We only have 1 child as of now, but that was the number we were told we needed to fully fund a private college education.

My belief is to support them 50%. I’ve seen (best friends included) where kids who feel like they are getting a free ride in college consider college as just having fun. If they have some of their own skin in the game they may think twice about ditching class cuz of a hangover.

I think it totally depends on the kid. My dad paid for my school and I graduated 1st in accounting at a big public school. I’m paying for both of mine with some help from grandparents. My son graduated with an engineering degree (cum laude) and worked as a tutor the last two years of college. My daughter is a nursing student pulling in all As and will graduate a year early (dual enrolled last two years of high school).

likefunny

Related Posts

My therapist just told me I'm depressed..do you ever feel like they tell you things you hear a lot or could have figured out on your own? Like take care of yourself, it's ok to feel such and such, etc. I'm still newer to therapy so wondering if that's the common experience? Do you ever have moments where you're like wow that actually is eye opening and I wouldn't have gotten that from reading self help books and websites etc?

like

Female 🐠 that have divorced. Were you able to recover, especially financially? Looking back would you stick it out? I would primarily be supporting our child since I earn more. Just overwhelmed with the prospect of starting over/carrying everything on my own but the lure of peace/relief/happiness is intense.

like

What really is the hierarchy or ranking for Non-mbb firms? Is there a firm more prestigious in Big 4 than the other in terms of exit opps?

likefunnyhelpful

Possible overseas role. Have family I can stay with instead of hotel. Should I mention it to project manager as a cost saving so I will get staffed there?

like

What are some of the M&A Strategy & Operations Exit ops? Currently focusing mostly on post merger integration and premerger planning as well as synergy assessment. I-banking possible without MBA?

like

Current stash. Found the Angel's and the baby BT randomly!

Post Photo
like

Getting the vaccine tomorrow morning, just hit 17 weeks. SUPER nervous thanks to my conspiracy theorist dad but excited to protect myself and my baby girl!

likeupliftingsmart

EY what are you hiring in? Trying to break in.

like

Exit opp as "Strategic Program Manager".. thoughts?

like

Let me know any openings for a Regulatory reporting or Financial reporting profile. I am a Chartered Accountant by profession having 6 years of experience.

like

What are some tips for interview prep? I’m looking for a senior accounting advisory position at b4. Thanks!

like

Deloitte moms, did you get 100% of STD if you took maternity leave as a SC? I haven’t been able to get a concrete answer from MetLife for some reason and now concerned.

like

Hii fishes, How much package can i ask for yash technologies for business analyst role 3.4 year's of experience. Current CTC - 5 LPA Offer in hand - EY 7.5 LPA

like

My husband and I are planning on starting a family in the next year or two. I enjoy working, so I don’t expect to be a stay at home mom. As of now, neither is my husband. At what age(or months) did you decided to bring your child to day care. Who watch your child before then? Our family does not live close by.

Any Moms who GAINED weight after pregnancy? I LOST weight during pregnancy (med advised) and was able to keep weight off and felt and looked great, but once I stopped breastfeeding, BOOMM! I’m now 25lb heavier than when I became pregnant. Anyone uses any SAFE hunger suppressant? I have minimal motivation and barely any self control during pandemic and having a really hard time getting a grip on this. Need some advice, TIA

likehelpful

Genuine question: What are the most common exit options at Google BizOps? (1) For internal transfer to PM, those teams seem to prefer to hire Google engineers. (2) For internal transfer to Chief of Staff, why those teams don’t promote their own Strategy & Op folks? (3) For BizOps internal promotion, there are not many Director positions. (4) For leaving Google, I don’t know where people usually go… Please share your thoughts / correct me if I’m wrong. Thanks!

like

Huron 🐟. I'm interested in a project manager position that isn't offered in my local office. If I apply, will I be expected to relocate or is it flexible?

like

What is the most embarrassing, OMG question a kid asked you, Or you witnessed?

uplifting

Why do previous generations feel the need to belittle the hard work of younger people? My parents always insist they used to put in as many hours as I do when they were my age, but I know it’s not true because I was actually old enough to remember it! (They could afford having a kid. I can’t)

like

Have planned baby moon to Clearwater in March end . Finally pregnant after struggling for 8 years. OBGYN says it’s my decision to travel or not. What would you do ? ( asking cause of corona virus )

like

Additional Posts

I find it interesting the volume of talk about anti-anxiety meds has dropped off a cliff since the pandemic started. Are we feeling less social anxiety WFH?

like

Does anyone have insight into why some consulting firms have better h1b approval than others? Post-mba consultant at D and I’m seeing friends at other firms with much better approval rates after graduation from mba but I imagine we do very similar types of work

like
like

My therapist just told me I'm depressed..do you ever feel like they tell you things you hear a lot or could have figured out on your own? Like take care of yourself, it's ok to feel such and such, etc. I'm still newer to therapy so wondering if that's the common experience? Do you ever have moments where you're like wow that actually is eye opening and I wouldn't have gotten that from reading self help books and websites etc?

like

Who wants to work in Risk Advisory in ATL, Bham, or Nashville at a firm where you can be your authentic self, and actually have a work/life balance? DHG is looking for good people. Growing 25-35%/yr

like

Female 🐠 that have divorced. Were you able to recover, especially financially? Looking back would you stick it out? I would primarily be supporting our child since I earn more. Just overwhelmed with the prospect of starting over/carrying everything on my own but the lure of peace/relief/happiness is intense.

like

Help: The 2 interviews in this round are a week apart, I just had the 2nd interview and realized I didn’t send a thank you note to the 1st interviewer… is it better to only send to 2nd interviewer or send a one-week late thank you note to 1st interviewer?

like

For people managers, will you choose to downgrade to individual contributors at FAANG or continue being a people manager in traditional industries (e.g., finance, healthcare)?

like

What really is the hierarchy or ranking for Non-mbb firms? Is there a firm more prestigious in Big 4 than the other in terms of exit opps?

likefunnyhelpful

Anyone else historically a star performer and being told their performance is subpar since COVID? Not sure if it’s the additional stress/ distractions at home with a 10 mo old, wfh burnout/lack of motivation or what, but most importantly, wondering how to get past it and bounce back?

like

I’m studying for the SHRM-CP with the Mometrix (study guides, online course, and flash cards), however I’m super overwhelmed with all of the information. What are some best practices to ensure I grasp all of the concept ? Any advice would be much appreciated!!!

How do you deal with a difficult client? Especially when it feels like they're never going to budge and/or have very unrealistic expectations..

like

Need some advice. Currently 1st year M at 125 base. Got an offer at a small boutique strategy firm for 160base 15-20% yearly bonus. No brainer? Or is it better to stay at ACN or go to another big consulting/tech firm?

like

Possible overseas role. Have family I can stay with instead of hotel. Should I mention it to project manager as a cost saving so I will get staffed there?

like

Has anyone been denied H1B after receiving a RFE? I just received one and uscis basically wants to know how my job is related to my education.

like

What is the tipping etiquette on the free platinum breakfast in a JW Marriott? The server just gets coffee / orange juice and you serve yourself. It is an overpriced buffet that I would never dine in.

like

Weird combination of de-facto self-promotion under poor guise of advertising Becker’s products PLUS humble-brag of winning the EWS award. Gotta love it!

Post Photo
funnylike

Need help budgeting for professional menswear. My husband has been in the military and will be transitioning to the civilian world. He doesn’t have many friends in white collar jobs. I’ve found a few nice menswear shops I’d like to bring him to find things for interviews. We want to budget for a few great investment pieces for him and supplement with some less expensive stuff. Any pieces, brands and ballpark numbers would be appreciated!

like

I will never understand grown ups that don’t have children that still choose to vacation at Disney

likefunny

What the typical Sign On Bonus amount Big 4 companies offer ? Would be great if you can share the SOBs got? $, level?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal