Younger workers everywhere

[The-Shoveler]

Daycare,

Probably why most grown kids keep close to their parents.

I know more than a few boomers who take care of their grandkids.

[bearishgurl]

[quote=The-Shoveler]Daycare,

Probably why most grown kids keep close to their parents.

I know more than a few boomers who take care of their grandkids.[/quote]Yes, there are a few of those around me. Some actually helped their kids buy a nearby house (preferably on the same block as they live on). Or purchased it outright for them.

[FlyerInHi]

[quote=The-Shoveler]”home-based daycare”
I know one that was doing it for 600 a month for toddlers.

But it was not in San Diego.[/quote]

That’s day care in someone’s messy house?

[millennial]

[quote=skerzz]

I know several very “successful” women in my profession (high ranking partners at large international accounting firms) that have had successful careers while also having had multiple children that are very close in age. These women are not part of the older boomer generation, so maybe your misconceived perception is due to the fact that not many boomer women did (or could do) this under the old school “face time”/”seniority” above-all-else work mentality of the good ‘ol days. [/quote]

Yes this would be my CPA wife who worked for one of the big 4 as an auditor for her first 8 years after college. During that time they were very flexible with her schedule which allowed her the freedom to manage a career and mother at the same time. My daughter enjoys the fact that her mother is a well respected professional and is her inspiration.

[skerzz]

[quote=bearishgurl]
Thank you for posting this, skerzz. My youngest kid is currently at a CSU majoring in Business Admin – Accounting Option. ALL eight of the CSU business disciplines are worth majoring in, with finance and accounting the most “lucrative” majors, IMO.

Not sure you read this whole thread, but one of yamashi’s 3 kids is in school most of the day. He stated he is paying $3000 month for daycare for 2 kids. The other $1000 month is for “extracurricular activities” for the school-age child.

I have a longtime “doggy daycare provider” which I pay $25 for each “overnight.” She has regular “daycare clients” but I’ve never taken my dog to her unless I’m leaving town and my dog will live with her while I’m gone. So I don’t know how much she charges for Doggy Day Care.[/quote]

No problem. Accounting, while not very “sexy”, can be a pretty solid profession — high demand/job security, many well paying positions in public practice or industry, opportunities to work for yourself, and decent “flexibility” in work schedule. I can’t think of many other professions that would allow someone with a 4-year CSU degree to land a job straight out of college that has the potential to pay $500K+ per year after 10-15 years of (well paying) on the job experience.

Regarding the day care — even two kids at $3K/month, while cheaper options may exist (i.e. live-in nanny), is not overly expensive if you look at the hourly cost (assuming he pays a fixed monthly fee)…. 8 hour days, 20x per week is still under $9.5/hour and if he uses day care 12 hours per day, the cost drops to $6.25/hour; or looked at another way, $75/day per kid. A quick google search of going daily dog care rates in the area is roughly $25 – 30/day without goodies/extras. Considering the above and how much work it is to watch a child, $3K/month for day care for two children, while still expensive relative to a mortgage payment, etc., is not “absurd”. Perhaps I’ve been desensitized and learned to accept the costs since I’ll be paying for several more years. The alternative is to forgo the wife’s income which would significantly increase our effective household “daycare” costs and significantly decrease our forced “contribution” (i.e. tax burden) to the “greater good”.

[scaredyclassic]

Cal state is awesome

[millennial]

[quote=The-Shoveler]If your paying that much, more than likely for most people it pays for one parent to stay home (at least until they are school age).

At least it’s a write off.[/quote]

I can’t speak for most people, since many I associate with are in the same position. For us it was a personal decision to stay home. My wife really enjoys her work and didn’t want to put her career on hold…same with me. Fiscally it also doesn’t make sense for us. Regarding the write-off I can only write the first $5k off my AGI.

[millennial]

[quote=The-Shoveler]If your paying that much, more than likely for most people it pays for one parent to stay home (at least until they are school age).

At least it’s a write off.[/quote]

I can’t speak for most people, since many I associate with are in the same position. For us it was a personal decision to stay home. My wife really enjoys her work and didn’t want to put her career on hold…same with me. Fiscally it also doesn’t make sense for us. Regarding the write-off I can only write the first $5k off my AGI.

[bearishgurl]

[quote=yamashi1][quote=bearishgurl]Public universities in CA don’t even care what extracurricular activities your kid did in HS! My kids were BUSY in HS with a rigorous schedule of performing in HS’s all over the state for YEARS and the CSU mentor (application portal for the CSU Admissions Board) gave them no credit whatsoever for it[/quote]From my experience I have found this to be false. Not sure what CSU schools require for admission, but when I was applying to numerous undergraduate schools this was a large part of the admission criteria. In addition, many essays required me to use material from my extracurricular activities to display my leadership abilities etc; and when interviewed I was always asked these questions.[/quote]yamashi, the CSU hasn’t required or even wanted an essay from an applicant in at least ten years. I don’t believe the UC requires essays for admission, either. (Any Pigg please correct me if I’m wrong about this.)

And neither system uses the writing portion of the SAT to factor into an applicant’s composite SAT score. If they did, the SAT scores of those many thousands of “deep-pocketed” foreign applicants (who “look good” on paper but often have little command of the English language in real life) would fall …. hard …. thus, the UC/CSU wouldn’t be able to admit as many full-freight-paying freshmen who have the financial ability to “stick it out” for the long haul. I’m sure they feel they need to admit as many foreign applicants as possible to keep their “budgets balanced.”

[millennial]

[quote=bearishgurl] He stated he is paying $3000 month for daycare for 2 kids. The other $1000 month is for “extracurricular activities” for the school-age child.[/quote]

The extra 800-1000 is actually for after school care for two of them. The rest of extracurricular is above that.

[bearishgurl]

[quote=FlyerInHi][quote=The-Shoveler]”home-based daycare”
I know one that was doing it for 600 a month for toddlers.

But it was not in San Diego.[/quote]

That’s day care in someone’s messy house?[/quote]brian, once again … never having been a parent yourself, you have no idea what licensed home daycare providers have to go through day to day and month to month. They can be checked by their licensing entity at any time with no notice and actually are. It’s just as bad (or worse) than dealing the Covered CA :=0

[bearishgurl]

[quote=scaredyclassic]Cal state is awesome[/quote]scaredy, did you kid accept his recent admission offer to Humboldt State?

[millennial]

[quote=skerzz] The alternative is to forgo the wife’s income which would significantly increase our effective household “daycare” costs and significantly decrease our forced “contribution” (i.e. tax burden) to the “greater good”.[/quote]

Yes this contribution is very significant if you consider missed promotional opportunities, annual increases, 401k matches etc.. In any case, by the time the child goes to Kindergarten or 1st Grade, my wife would have been born out of her mind while the kids are at school.

[millennial]

[quote=bearishgurl]yamashi, the CSU hasn’t required or even wanted an essay from an applicant in at least ten years. I don’t believe the UC requires essays for admission, either. (Any Pigg please correct me if I’m wrong about this.) [/quote] Good to know, I’ll tell my kids in another 8 years after we know what they want to do. From my personal experience I don’t remember applying to a school without an essay portion on the application. Also, I had a couple who I had to interview with. There were some that needed references who the school would call. I made sure that I got some high ranking state officials on that one.

[millennial]

[quote=bearishgurl] I don’t believe the UC requires essays for admission, either. (Any Pigg please correct me if I’m wrong about this.) [/quote]

Just checked UC requirements just being curious. You are required to do two essays, or personal-statements

http://admission.universityofcalifornia.edu/how-to-apply/personal-statement/index.html

All applicants must respond to two essay prompts — the general prompt and either the freshman or transfer prompt, depending on your status.

Freshman applicant prompt

Describe the world you come from — for example, your family, community or school — and tell us how your world has shaped your dreams and aspirations.

When you’re composing your personal statement, think about including:
Personal triumphs or challenges: Tell us about your achievements in light of the opportunities available to you. If you choose to write about challenges you’ve faced, how did you overcome or strive to overcome them?
Leadership opportunities: Define your leadership role, your accomplishments, and what you learned from the experience. Remember, a leader can mean more than being elected to a position. Consider describing a time when you had to be a leader in your family or community.
Experiences outside the classroom: Consider experiences that have made an impact on your life (e.g., your family, youth groups, work, church/temple, or travels).
Culture: Describe the influence culture has had on you. Don’t define the culture. Instead explain what you have learned because of that culture.

Once you’ve narrowed down your topics, start thinking about what you learned from your experiences and how they shaped other aspects of your life.

[Author]

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