Are you saving for your retirement or for your kids' college? Or are you trying to do both?
You know my general take on this issue: put your own oxygen mask on first. Your kids are young and can start saving now and get jobs and loans and grants and financial aid.
That being said, we are saving for our own retirement while our kids have savings accounts. We hope to be able to help with SOME college, which is better than none. Yet I also believe things are more appreciated when they are bought for oneself.
What's your take? Will you do it how your parents did it, or did they subject you to child abuse by not paying for your college, and now you plan to pay 100% of YOUR kids'???