The Bid Size is the amount of money that you’re willing to spend on a bid. It’s important to take into account your financial situation and how much money you can actually spend on a bid. If you are unsure of the amount, it may be a good idea to talk to your financial adviser and get his or her input. In my experience, I have seen a few people who don’t realize how much money they can spend, and then get a bid for more money than they can afford.Sometimes, people end up paying for the bid in installments. It’s important to make sure you are able to pay for your bid in full before submitting any bids.Bid Size = Maximum amount of money you are willing to spend on a bidHow Much Can I Afford to Spend?Now that you know your maximum bid size, you need to figure out how much money you can actually afford to spend on a bid. Please keep in mind that this is not the amount of money that you will be spending on your child's college education; this is the amount of money that you are willing to spend on a bid. A bid is an investment in your child’s future and the sooner you realize it, the better. You need to be willing to invest in your child’s future.In order to figure out how much you can afford to spend on a bid, take a look at your monthly budget and make a list of every single expense that you have. Once you have made your list, figure out what your income is after taxes. You need to include both your income and your spouse’s income if you are married. Next, subtract all of your expenses from your income and add any monthly savings that you have.
