We have earmarked $350,000 to give each our kids for college and other expenses - is this too excessive?

When planning for college expenses, many parents agree that early savings are essential, but how much to save can vary widely based on individual circumstances.

The Redditor's plan highlights the balance between financial support and encouraging responsibility, as they consider having their children take loans to value their education.

By allocating $350,000 per child, which includes funds for college, a car, and a future house down payment, the Redditor aims to prepare their kids for adulthood.

With different educational paths for each child, the Redditor’s financial strategy must adapt, ensuring ample funding while motivating kids to complete their degrees.

Read at 24/7 Wall St.