Good for your daughter! I was on that path, too, then interest rates tanked, for a long time. I was a huge saver, and never felt deprived, though. It felt safe having money set aside. Then came medical bills. $50,000 out of pocket one time, $100,000 out of pocket another time. The good old capitalist US of A, still without universal healthcare. I now understand why so many Americans are broke.