Most expenses that we incur for our children are absolutely necessary.
Okay, fine, they’re necessary too.
But there’s one thing you’ll find on many parents’ lists that isn’t quite as critical: saving for a college education.
Conventional parenting advice would tell you that saving for a college education is a prudent decision that you’d be crazy to go against. After all, how can you expect your child to get a good college education if you don’t pay for it? [insert sarcastic tone]
Look, I get it. Paying for a child’s college education puts them in a good economic position when they graduate debt-free, and allows them to focus on their studies while in school without worrying about working to pay for tuition.
That’s all great, in a perfect world where you have lots of money and your son or daughter is internally motivated to get a college education. But it’s not a perfect world.
And remember, I’m here to occasionally take a contrarian view on certain issues.
So let’s get into it.