Courtesy of Ashley Archambault
- My plan was to save $100,000 by the time my son enrolled in college.
- But I recently decided to stop saving for his tuition because there are other paths he could take.
- I’m now focusing on saving up for my own dream of buying a forever home.
My son is still young enough for me to save up quite a bit of money for his college tuition. My husband and I are both teachers and while we are anything but well-off, we make enough for what we need. The savings I was putting away for my son each month was all the money left after the bills were paid.
Each year, I planned to save about $10,000 for his college tuition . By the time my son graduates from high school, I would have saved about $100,000, which would cover a large portion of a four-year degree — depending on where he chooses to go.
However, my son is currently in the fifth grade and has little interest in his education. For now, I’ve decided to stop saving for his tuition and instead invest in my future .