Just a 48-year-old mom of 2 in Northern California. My kids are Monkey Monkey(MM) and Drama Llama (DL). I am married to Monkey Hubby (MH). MM(22) July 2025 'College Rent Fund': $2,400
MM(22) August 2025 'College Rent Fund': $112 $0
Rent is paid through September 30th.
I reimbursed MM(22) for 6 months of utilities, so this account is pretty much exhausted. I think I will call it. There is still technically $15,112 in this account, earmarked for DL(20). Er, was earmarking $15,000 in my mind. But I have been giving interest on the entire combined account to MM(22). Because MM(22) is the only one using the money. I think it’s fair to cut MM(22) off at this point. In the name of simplicity.
Note: I am not committing to give DL this $15,000. It’s just there if he wants to transition out of the house before he graduates. Which I personally think he should. But DL and MH more lean towards saving money.
Second note: Started with $20K in this account (for MM’s college years) and currently have $19,500 in our ‘taxable investment’ account. I think it’s safe to say that we will have entirely replaced the original $20K (this fund) by the end of this calendar year. Or about 4 years after MM(22) started college.
MM(22) July 2025 'Gifted College Fund': $16,015 (+$5K ROTH)
MM(22) Aug 2025 'Gifted College Fund': $16,075 (+$5K ROTH)
+$60 interest in August
With the ‘college rent fund’ exhausted, will be tapping this fund for rent and all the college expenses going forward.
MM(22) doesn't start his 5th college year for a couple of more weeks.
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DL(20) July 2025 'Gifted College Fund': $21,607 (+$5K ROTH )
DL(20) Aug 2025 'Gifted College Fund': $21,488 (+$5K ROTH)
I ended up paying for parking fees out of this fund. This was the first year we started paying for tuition out of this fund. Figured might as well also not sweat the parking fees.
I received DL’s state grant amount/estimate and it is more than I will owe for spring tuition. We should be putting in more than we take out, for the rest of the year. But I won’t get Fall financial aid money back for a few more months.
DL(20)'s Fall semester started a couple of weeks ago.
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We are starting a new chapter where all the college expenses are being paid by the 'saved ahead' funds. I don't anticipate cash flowing any college expenses (from income) in the future. I'd still consider these our most expensive 'kid' years re: private healthcare (x4) and feeding growing boys ($$$$$). There is some major cost savings to be had (~$30,000 per year) once our kids fly the nest (healthcare, food, mortgage paid off or downsize). I feel like most my peers with college-aged kids are sweating 'college'. I am more sweating everything else. Or maybe more to the point, looking forward to the massive decrease in other young 20-something expenses. In just a few more years.
September 9th, 2025 at 02:52 pm 1757425920