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.
This means the average cost of a four-year college education in eighteen years is about $137,383. If you didn't own a car and saved the money instead, you would be able to send a total of children to college 18 years from now using just the money you saved from not owning an automobile.