While funding the kids' college savings accounts is an admirable goal, I think it's a little premature. I strongly recommend you read some of Dave Ramsey www.daveramsey.com - he takes a very common-sense approach to finances, and I believe he would say your first goal is to save up an emergency fund of 3-6 months living expenses. THEN you can look at college savings. (Actually, he would say save up $1,000, THEN pay off your car loan, THEN start saving for 3-6 months living expenses).
