Saving for private education

[~clover~]

Wow definately... the local steiner is only going up to $200 a term next year.

Sent from my Wildfire life line

[Laranna]

We're winging it :/ Actually, I've got some shares and a managed fund that I've been putting $100 a month into for the last 6 years so that's kinda our education fund so far. Don't really have a specific education savings product, just throwing every spare cent into the mortgage like Divvy. We should have it paid off by the time they hit high school (assuming we don't sell and upgrade).

[onthefly]

How's your fund going? Share markets suck

Maybe we should move to clover's neck of the woods...

[Laranna]

It's currently looking dismal but as I've had it a while, I'm still ahead. Have no plans of withdrawing it yet so it should get better in a few more years.

[melbel]

After the threads on this topic recently we had a chat to our accountant about it when he came to do our tax.....He is of the opinion that the first option should always be to sink extra into the mortgage and redraw so if you do buy in the future this is the way to go...second on his list was an ASG account.