Peanut's first year of Kindergarten is coming to an end soon. Another school year behind her, if you include daycare. Twelve more years to go. So many things still to come. So many more milestones and memories. Firsts and lasts. Yet, there's something else that keeps popping up in the back of my mind. It's nagging me like a piece of prosciutto stuck in my tooth. I'm worried about college. Yes, college. Specifically, paying for college It's something every parent thinks about, worries about, frets over, from almost the moment of conception. Now that Peanut's actual education is underway, I feel the savings clock is ticking. And it frightens the hell out of me.
A recent study by Fidelity Investments shows most families fall far short - not even 25% - of the money it takes to pay for their child's college education. It shows parents don't do enough to save for college, or they wait too long. I must admit that My Director and I are in the same boat. More than six years into our daughter's life, we haven't put away nearly as much as we would have hoped, or thought we would have by now. Things always come up. Bills, debt, home improvements, illnesses, job changes, a life-saving surgery for our dog. Even vacations, because sometimes you have to actually enjoy life. So the issue isn't as clear cut as the black-and-white facts and figures of a study.
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