personal finance

[CA renter]

TG also had a great post.

In addition, I would say that people overlook the value of **local** junior colleges and universities. IMHO, the value of out-of-state universities is overblown.

If you can’t save up money for a child’s education, you can continue to provide food, shelter and basic necessities while they attend the local JC and university. The even get preferred enrollment and registration when they transfer to a four-year university (at least that’s how it used to work).

And is it me, or does nobody expect their kids to work anymore? Back in the day, most of us had jobs outside of school, and we paid most/all of our own expenses, without having to take out onerous student loans.

The belief that everyone has to go into lots of debt to get an education is what has enabled tuition prices to get so out of hand. Let’s get back to basics, and make education something that any hard-working kid can attain without having to go to the “Bank of Mom & Dad” and without having to take on burdensome student loans that can’t even be discharged in bankruptcy.

[LAAFTERHOURS]

Good post TG. When I got out of school and obtained a CC, I didnt know how to manage money. It took over 15k of debt for me to get the lesson. Since then, a buddy introduced a basic excel based spreadsheet to me to track my/ family budget. I keep track of all bills with dates paid and confirmation numbers. I list all major expenditures like groceries, gas, eating out etc. Simple enough measure to track your money and match it up to the bank account.

[LAAFTERHOURS]

Good post TG. When I got out of school and obtained a CC, I didnt know how to manage money. It took over 15k of debt for me to get the lesson. Since then, a buddy introduced a basic excel based spreadsheet to me to track my/ family budget. I keep track of all bills with dates paid and confirmation numbers. I list all major expenditures like groceries, gas, eating out etc. Simple enough measure to track your money and match it up to the bank account.

[LAAFTERHOURS]

Good post TG. When I got out of school and obtained a CC, I didnt know how to manage money. It took over 15k of debt for me to get the lesson. Since then, a buddy introduced a basic excel based spreadsheet to me to track my/ family budget. I keep track of all bills with dates paid and confirmation numbers. I list all major expenditures like groceries, gas, eating out etc. Simple enough measure to track your money and match it up to the bank account.

[LAAFTERHOURS]

Good post TG. When I got out of school and obtained a CC, I didnt know how to manage money. It took over 15k of debt for me to get the lesson. Since then, a buddy introduced a basic excel based spreadsheet to me to track my/ family budget. I keep track of all bills with dates paid and confirmation numbers. I list all major expenditures like groceries, gas, eating out etc. Simple enough measure to track your money and match it up to the bank account.

[LAAFTERHOURS]

Good post TG. When I got out of school and obtained a CC, I didnt know how to manage money. It took over 15k of debt for me to get the lesson. Since then, a buddy introduced a basic excel based spreadsheet to me to track my/ family budget. I keep track of all bills with dates paid and confirmation numbers. I list all major expenditures like groceries, gas, eating out etc. Simple enough measure to track your money and match it up to the bank account.

[zzz]

Nicole, it sounds like it simply comes down to choice. You know what your fixed monthly costs are. You know what you take home each month. What’s left is simply what you choose to do with it. Do you want to fund your child’s education fund, save it, invest it? Or do you want to dine out, buy stuff, spend it on entertainment, etc. No one can decide that for you.

I find most people by nature are either spenders or savers. If you are a spender, than maybe you need to make it simple and agree with your husband to cut your eating out from twice a week to once a week. Starvation diets don’t work, they arent sustainable. It doesn’t have to be all or nothing.

[zzz]

Nicole, it sounds like it simply comes down to choice. You know what your fixed monthly costs are. You know what you take home each month. What’s left is simply what you choose to do with it. Do you want to fund your child’s education fund, save it, invest it? Or do you want to dine out, buy stuff, spend it on entertainment, etc. No one can decide that for you.

I find most people by nature are either spenders or savers. If you are a spender, than maybe you need to make it simple and agree with your husband to cut your eating out from twice a week to once a week. Starvation diets don’t work, they arent sustainable. It doesn’t have to be all or nothing.

[zzz]

Nicole, it sounds like it simply comes down to choice. You know what your fixed monthly costs are. You know what you take home each month. What’s left is simply what you choose to do with it. Do you want to fund your child’s education fund, save it, invest it? Or do you want to dine out, buy stuff, spend it on entertainment, etc. No one can decide that for you.

I find most people by nature are either spenders or savers. If you are a spender, than maybe you need to make it simple and agree with your husband to cut your eating out from twice a week to once a week. Starvation diets don’t work, they arent sustainable. It doesn’t have to be all or nothing.

[zzz]

Nicole, it sounds like it simply comes down to choice. You know what your fixed monthly costs are. You know what you take home each month. What’s left is simply what you choose to do with it. Do you want to fund your child’s education fund, save it, invest it? Or do you want to dine out, buy stuff, spend it on entertainment, etc. No one can decide that for you.

I find most people by nature are either spenders or savers. If you are a spender, than maybe you need to make it simple and agree with your husband to cut your eating out from twice a week to once a week. Starvation diets don’t work, they arent sustainable. It doesn’t have to be all or nothing.

[zzz]

Nicole, it sounds like it simply comes down to choice. You know what your fixed monthly costs are. You know what you take home each month. What’s left is simply what you choose to do with it. Do you want to fund your child’s education fund, save it, invest it? Or do you want to dine out, buy stuff, spend it on entertainment, etc. No one can decide that for you.

I find most people by nature are either spenders or savers. If you are a spender, than maybe you need to make it simple and agree with your husband to cut your eating out from twice a week to once a week. Starvation diets don’t work, they arent sustainable. It doesn’t have to be all or nothing.

[Raybyrnes]

When do financial Planners make sense?

I think they start to become cost effective when you have significant wealth. At that point they provide CPA’s for tax services, lawyers for estate planning and setting up trusts, business continuity planning, buy sell agreement, Charitable reminder trusts etc. So we can bag on FP for many things for moderate wealth but at a very high level they actually start to become extremely cost effective.

[Raybyrnes]

When do financial Planners make sense?

I think they start to become cost effective when you have significant wealth. At that point they provide CPA’s for tax services, lawyers for estate planning and setting up trusts, business continuity planning, buy sell agreement, Charitable reminder trusts etc. So we can bag on FP for many things for moderate wealth but at a very high level they actually start to become extremely cost effective.

[Raybyrnes]

When do financial Planners make sense?

I think they start to become cost effective when you have significant wealth. At that point they provide CPA’s for tax services, lawyers for estate planning and setting up trusts, business continuity planning, buy sell agreement, Charitable reminder trusts etc. So we can bag on FP for many things for moderate wealth but at a very high level they actually start to become extremely cost effective.

[Raybyrnes]

When do financial Planners make sense?

I think they start to become cost effective when you have significant wealth. At that point they provide CPA’s for tax services, lawyers for estate planning and setting up trusts, business continuity planning, buy sell agreement, Charitable reminder trusts etc. So we can bag on FP for many things for moderate wealth but at a very high level they actually start to become extremely cost effective.

[Author]

Posts