Dear Dave,
I just started listening to your radio show a few months ago, and I love your advice. I do have a question about the order of two of the Baby Steps, though. The list puts saving for retirement ahead of putting money aside for college if you have kids. Why do you suggest this?
Jon
Dear Jon,
Setting aside a college fund for your kids is a really nice thing to do, if you can actually afford that kind of thing. But kids can also further their education by getting good grades, applying for scholarships, choosing a school they can afford and working their tails off while attending classes. Trust me, I believe in education. The point is there are lots of ways to get a college degree—or complete career training at a technical or trade school—without your parents saving up and footing the bill.
