<prompt> Human: This fall, my youngest will be starting public school. Which means for the first time in 7 years, we wont be paying for full-time childcare!When both my kids were needing childcare, we were spending close to 25K a year yikes!. In the two years since my oldest started school, weve been spending about half of that on my youngest.I want to make sure we dont squander this extra money now about 1200 a month -- but its hard not to see it as a performance bonus based on 7 years of child rearing :-My main concern at this point is to start building up their college funds. They each have 529s that I contribute a little to each month, but no where enough to keep pace with what theyll need. Both my wife and I were fortunate enough to have college paid for by our parents, and Id like to attempt to do the same for our kids...but I know the economics are way different now. Plus Im hoping theyre smarter than us and will get scholarships. My wife and I contribute to our 401Ks 5 - up the match, and automatically transfer another 5 of our paychecks to a Roth IRA and another 5 to our emergency fund. Thanks to I WILL TEACH YOU TO BE RICH. We have a decent size emergency fund and live a pretty typical middle-class lifestyle -- although things can get tight by the end of the month if were not careful. Im looking at you, FOOD budget. My kids will be going to an after-school program for a couple hours a day, which is about 400mo. We also will need to save some of that extra to fund summer camps. So with 1200 extra a month...400 for after school. 400 to college split 200 each, then 400 to save for summer camps? So much for that raise...Curious what other parents have done once theyre done paying for full-time childcare...did you just convert pre-school money to college money? and lets be honest, my preschool experience was pretty close to my college experience...wearing my pajamas to class, lots of naps, drinking juice, playing doctor...  <response>: max out your retirementsthen max out the college funds. 