Before a child is born, every parent considers (even if briefly) the cost of raising a child and to put them through college. And the question about saving money that youll consider at some point is: how do I evaluate whether I should be saving for my own retirement or saving for the kids college?
The obvious answer is to save for both. But few young parents have the earning power and lifestyle discipline to have extra money left over at the end of the month. It simply i…