2. Turn off the main water supply for the house. Put a bucket under the drain pipe. Open the cold-water handle of the kitchen faucet and let the water drain out if you're replacing the cold valve. Drain the hot side if you're replacing the hot valve.
According to Fidelity, a family making $55,000 would need to save $48,000 to cover the qualified expenses of a public university and $107,000 to cover such costs for a private one. This translates into saving $160 a month for a public college and $410 a month for a private one.
The Average Retirement Savings by Age for a $60K Household: With the assumptions above, we can now predict exactly how much money you should have for each year you save for retirement. Our target nest egg size (i.e. our total retirement savings) will need to be $60K x 0.8 / 0.04 = $1,200,000.