Thoughts? Retirement vs Education

iVillage Member
Registered: 11-14-2008
Thoughts? Retirement vs Education
11
Thu, 12-10-2009 - 3:35pm

I was just wondering what everyone's thoughts were on which order to save for these very large expenses in our lives.

A lot of us here have little or no savings(except Duke lol). But as we pay off debt and get a taste for savings starting with our baby efund you start to get a in the saving habit. My oldest DS is 12 soon to be 13 and my youngest is DS is 9 soon to be 10. I need to save a certain amount of money for each child as per my agreement with my Ex for them for secondary education. I am more than happy to do this. I do feel conflicted though, because I own my own business and do not have a retirement contribution set up. I will have an asset I will sell at some point but I would like to do more. I also need a newer vehicle soon. I do realize though, if I don't start saving, even if I keep changing my mind on what the total is for, I will not accomplish anything. So off saving I go.

I guess everyone is in a different situation as to when you start and what order you do things in. I was just wondering if there are values related to the goals and when other people seem to start saving for these big ticket items?


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iVillage Member
Registered: 03-16-1999
Sat, 12-12-2009 - 12:44pm

I've been through this one.

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