<p>Sounds cool – in fact, quite fortunate. And I would put in a further two cents that as much as you care about education, you still need to use the magic of compound interest to help you to save for retirement, starting even now, especially, while you are still young. AND, as if all this was not enough, the pros say you need a six-month emergency fund (to cover all necessary expenses for six months). </p>
<p>Lots of the parents on this CC forum believe that paying out for earlier ed instead of saving exclusively for college is a valid approach.</p>