Comments on: Ways to Save for your Children’s Futures http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/ Bridging the gap between saving money and investing Tue, 07 Oct 2008 06:32:23 +0000 http://wordpress.org/?v=2.6.1 By: daniel http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-252531 daniel Fri, 22 Feb 2008 12:11:43 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-252531 I agree on the comments made positively towards the parents and children, especially #18. My parents had 12 children and all went to college with the hardship work of my dad. Now, all the favors are being returned to my parents. All the children pitched in and bought our parents a brand new home and paid for. Then my parents gets free round trip vacations to Europe, Asia, Bahamas, Hawaii, etc.. all over the states from us (12 children). So, it is important to help your children, as they will help you when you become old. We even offer our parents to stay in our homes when they are really old. We don't want our parents to stay at nursing lonely home..... Children are important. Treat them right with responsibilities and respect, they will respect you til you die. When you have children, it's all about them, not you. If you think it's not you responsibility, why have children in the first place? I agree on the comments made positively towards the parents and children, especially #18. My parents had 12 children and all went to college with the hardship work of my dad. Now, all the favors are being returned to my parents. All the children pitched in and bought our parents a brand new home and paid for. Then my parents gets free round trip vacations to Europe, Asia, Bahamas, Hawaii, etc.. all over the states from us (12 children). So, it is important to help your children, as they will help you when you become old. We even offer our parents to stay in our homes when they are really old. We don’t want our parents to stay at nursing lonely home….. Children are important. Treat them right with responsibilities and respect, they will respect you til you die. When you have children, it’s all about them, not you. If you think it’s not you responsibility, why have children in the first place?

]]> By: Monika http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-222048 Monika Thu, 24 Jan 2008 01:51:08 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-222048 I really don't understand why parents think they are not responsible for their children's college education costs. Just because kids turn 18 and legally become adults, it doesn't mean the kids are ready to be out the door and start their adult life with debt. Yes, it teaches them to be more responsible and hard working, but it also teaches them to be more resentful of their parents, and in lots of cases become distant from their parents. If the kids were taught the value of money, they'll be appreciative and will not take your help for granted. They will most definetly return the favor one day. Just my tought. I really don’t understand why parents think they are not responsible for their children’s college education costs. Just because kids turn 18 and legally become adults, it doesn’t mean the kids are ready to be out the door and start their adult life with debt. Yes, it teaches them to be more responsible and hard working, but it also teaches them to be more resentful of their parents, and in lots of cases become distant from their parents. If the kids were taught the value of money, they’ll be appreciative and will not take your help for granted. They will most definetly return the favor one day. Just my tought.

]]> By: Audrey http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-221979 Audrey Wed, 23 Jan 2008 23:00:41 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-221979 I'm not only a parent of a Kindergartner, but I'm also working my way through college. My husband and I both joined the military so that we could have the money to go to college, but it doesn't even come close to covering the expenses, so along with whatever extra money from our incomes we can scrape together, we're also taking out loans (albeit small ones) to make up the difference. Because I have this unique "insight", my husband and I are determined that our son will have enough money to go to at least a state school. Given the course of recent military events, we DO NOT want our son having to enlist like we did. So not only am I paying my own tuition right now, but also socking away a little each month for my son. However, should he choose not to go to college or onto some sort of post-secondary education, we'll have a nice little chunk of change to add to our retirement - the only way he gets the money is in the form of us paying for tuition, books, room & board! I’m not only a parent of a Kindergartner, but I’m also working my way through college. My husband and I both joined the military so that we could have the money to go to college, but it doesn’t even come close to covering the expenses, so along with whatever extra money from our incomes we can scrape together, we’re also taking out loans (albeit small ones) to make up the difference. Because I have this unique “insight”, my husband and I are determined that our son will have enough money to go to at least a state school. Given the course of recent military events, we DO NOT want our son having to enlist like we did. So not only am I paying my own tuition right now, but also socking away a little each month for my son. However, should he choose not to go to college or onto some sort of post-secondary education, we’ll have a nice little chunk of change to add to our retirement - the only way he gets the money is in the form of us paying for tuition, books, room & board!

]]> By: Candee http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-221107 Candee Tue, 22 Jan 2008 20:09:49 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-221107 I always believed that children weren't asked to be born. Therefore, I do believe that it is the parents' obligation to educate their children to the extent of their financial ability to do so. A college education is becoming a necessity rather than a privilege. If we want to stamp out poverty, education is the only way it's going to happen. If we bring children into the world, it is our duty to prepare them to participate in it. Thinking they are here for our own pleasure is the height of selfishness. I always believed that children weren’t asked to be born. Therefore, I do believe that it is the parents’ obligation to educate their children to the extent of their financial ability to do so.

A college education is becoming a necessity rather than a privilege. If we want to stamp out poverty, education is the only way it’s going to happen. If we bring children into the world, it is our duty to prepare them to participate in it. Thinking they are here for our own pleasure is the height of selfishness.

]]> By: Abstract Annie http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-220915 Abstract Annie Tue, 22 Jan 2008 14:37:50 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-220915 I agree with Dadof5. It all depends on whether you have taught your children the value of money. If you have, they won't take your help for granted. Therefore it doesn't become a life lesson in that late stage. Then it is up to your own personal financial circumstances whether you can and want to help your children out. I agree with Dadof5. It all depends on whether you have taught your children the value of money. If you have, they won’t take your help for granted. Therefore it doesn’t become a life lesson in that late stage. Then it is up to your own personal financial circumstances whether you can and want to help your children out.

]]> By: sly http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-219636 sly Mon, 21 Jan 2008 03:15:54 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-219636 Like with all things related to personal finance, it takes organization to wade through all the college financing options. Those that wait until the last minute and aren't willing to look for unique ways to finance college end up paying more. There is a lot of financing out there if you know where to look and are organized enough to apply. Like with all things related to personal finance, it takes organization to wade through all the college financing options. Those that wait until the last minute and aren’t willing to look for unique ways to finance college end up paying more. There is a lot of financing out there if you know where to look and are organized enough to apply.

]]> By: down&out http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-219609 down&out Mon, 21 Jan 2008 02:11:52 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-219609 The real issue is the huge cost of education. if they could make college costs more reasonable so more people could afford it without parents having to cough up all their savings, then this entire conversation wouldn't need to take place. As it is, the next generation is graduating in debt that's hard to escape. The real issue is the huge cost of education. if they could make college costs more reasonable so more people could afford it without parents having to cough up all their savings, then this entire conversation wouldn’t need to take place. As it is, the next generation is graduating in debt that’s hard to escape.

]]> By: Nascar http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-219589 Nascar Mon, 21 Jan 2008 01:23:34 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-219589 It is not the obligation of the parents to pay for a kids tuition. Besides there's plenty of good schools that do not require 30k per year. I have known individuals who turned down Harvard due to the cost, while another Ivy school gave them a full ride. It is not the obligation of the parents to pay for a kids tuition. Besides there’s plenty of good schools that do not require 30k per year. I have known individuals who turned down Harvard due to the cost, while another Ivy school gave them a full ride.

]]> By: bigboy http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-219570 bigboy Mon, 21 Jan 2008 01:06:12 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-219570 I think a lot of kids today take it for granted that their parents will pay. If they do, it's because their parents haven't done a very good job of teaching them the realities of making money and finances. It really bothers me the entitlement complex a lot of the younger generation has these days. And I blame most of that on their parents. I think a lot of kids today take it for granted that their parents will pay. If they do, it’s because their parents haven’t done a very good job of teaching them the realities of making money and finances.

It really bothers me the entitlement complex a lot of the younger generation has these days. And I blame most of that on their parents.

]]> By: ptrf http://www.pfadvice.com/2008/01/20/ways-to-save-for-your-childrens-futures/#comment-219546 ptrf Mon, 21 Jan 2008 00:05:45 +0000 http://www.savingadvice.com/blog/2008/01/20/102009_ways-to-save-for-your-childrens-futures.html#comment-219546 @ gloria I don't think there is a rule of thumb number for this. A lot depends where you think your child will go to college since costs vary tremendously. I think most children would appreciate any help, so putting aside as much as you can each month is worthwhile and you shouldn't worry if it is enough or not since scholarships and grants are available. @ gloria

I don’t think there is a rule of thumb number for this. A lot depends where you think your child will go to college since costs vary tremendously. I think most children would appreciate any help, so putting aside as much as you can each month is worthwhile and you shouldn’t worry if it is enough or not since scholarships and grants are available.

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