- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The wife and I made a difficult decision this weekend
Posted on 8/14/18 at 4:40 pm to LNCHBOX
Posted on 8/14/18 at 4:40 pm to LNCHBOX
Are you still losing credibility ITT? You supported your wife. It's not the same thing.
Let's break it down by an 18 week semester at Delgado:
College Income: 18 wks x 40 hr x $12 = $8,640
Delgado CC full time tuition + fees: $1,955.92
Books: 4 books x $150 = $600
Rent: $400 x 5 months = $2,000
Utilities: $100 x 5 months = $500
Auto Ins: $102 x 5 months = $510 (average LA rate)
Health Ins: $284 x 5 months = $1,420 (average LA rate)
Food: $10 x 7 days x 18 wks = $1,260
Gas: 13 gal x $1.30 x 18 wks x1.5 = $456.30
If you're keeping track, I'm at $-62.22 in my account now without including miscellaneous expenses like a cell phone. Plus it's gross accounting that doesn't factor in pay dates and billing dates. And I think I've used some pretty conservative numbers. And this is at DELGADO working 40 hours a week.
Of course all this changes if there are scholarships, but for those without any financial aid it's next to impossible especially if you consider the tuition increase at 4-year colleges.
Let's break it down by an 18 week semester at Delgado:
College Income: 18 wks x 40 hr x $12 = $8,640
Delgado CC full time tuition + fees: $1,955.92
Books: 4 books x $150 = $600
Rent: $400 x 5 months = $2,000
Utilities: $100 x 5 months = $500
Auto Ins: $102 x 5 months = $510 (average LA rate)
Health Ins: $284 x 5 months = $1,420 (average LA rate)
Food: $10 x 7 days x 18 wks = $1,260
Gas: 13 gal x $1.30 x 18 wks x1.5 = $456.30
If you're keeping track, I'm at $-62.22 in my account now without including miscellaneous expenses like a cell phone. Plus it's gross accounting that doesn't factor in pay dates and billing dates. And I think I've used some pretty conservative numbers. And this is at DELGADO working 40 hours a week.
Of course all this changes if there are scholarships, but for those without any financial aid it's next to impossible especially if you consider the tuition increase at 4-year colleges.
4
Posted on 8/14/18 at 4:56 pm to WildManGoose
Your obsession with me is kinda sad
ETA: And even with those numbers, you've shown that you're within $63 of being fully self sufficient
ETA: and at least two bitches still in here downvoting facts. Losers.
ETA: And even with those numbers, you've shown that you're within $63 of being fully self sufficient
ETA: and at least two bitches still in here downvoting facts. Losers.
This post was edited on 8/14/18 at 5:04 pm
Posted on 8/14/18 at 4:59 pm to WildManGoose
quote:
If you're keeping track, I'm at $-62.22 in my account now without including miscellaneous expenses like a cell phone. Plus it's gross accounting that doesn't factor in pay dates and billing dates. And I think I've used some pretty conservative numbers. And this is at DELGADO working 40 hours a week.
You have to consider the other 16 weeks you're not in school. You also need to rent books. Your health insurance would be free or much cheaper if you're no longer a dependent.
You're looking at $17,000/yr to live and send yourself to Delgado - no cell phone or health insurance included, $1000/books for the year (high IMO), rent, tuition/fees, utilities, auto insurance, food, and fuel. Tack on another $50/mth for a cell phone, that's $17,600/yr. That's doable.
Posted on 8/14/18 at 5:02 pm to WildManGoose
Yeah, except you could take out a pretty meager loan and cover some of that.
If you want something, you go and get it, no matter the costs. Some of you just don't seem to get that.
If a parent can provide college for their kid, great. If not, it's really not that big a deal. It's not the parent's responsibility to make sure their kid gets a college education. It's the parent's responsibility to raise a responsible kid that studies and does what he is supposed to in high school. Then maybe he will be in line for some scholarships to help out.
If my kids go to school locally, they can stay home and I will help in whatever way I can. But trying to save for multiple kids to go to college is just not in my plans. We will save up enough to get them started in whatever they want to do, but I'm not paying for the whole thing. Not even close.
If you want something, you go and get it, no matter the costs. Some of you just don't seem to get that.
If a parent can provide college for their kid, great. If not, it's really not that big a deal. It's not the parent's responsibility to make sure their kid gets a college education. It's the parent's responsibility to raise a responsible kid that studies and does what he is supposed to in high school. Then maybe he will be in line for some scholarships to help out.
If my kids go to school locally, they can stay home and I will help in whatever way I can. But trying to save for multiple kids to go to college is just not in my plans. We will save up enough to get them started in whatever they want to do, but I'm not paying for the whole thing. Not even close.
Posted on 8/14/18 at 5:13 pm to PrivatePublic
My brother and I made decisions that helped us get full scholarship rides to school. We also worked part time. Parents were well off to help when we needed it but mostly on our own. I’d say we paid for 90%. They covered the 10% to keep us offf the street.
Posted on 8/14/18 at 5:39 pm to here4thepopcorn
quote:
Why'd you have them if you can't afford them?
quote:
Seriously. WTF. Pretty sure after 18 years they are considered adults.
Apparently in today's world if you don't pay for your kid's college you have failed as a parent. I wonder if all the parents that are going to pay for their kid's education will consider themselves a failure at parenting if their kid chooses not to go to college or drops out.
This post was edited on 8/14/18 at 5:39 pm
Posted on 8/14/18 at 7:18 pm to WildManGoose
Your numbers are comparable to when I went to college in the late 90s.
I made a little more as a waiter (probably worked about 30 hours a week).
I didn't buy health insurance. I was uninsured for 3.5 years until I graduated early and got my first job.
I spent a more on food than your figures (and that is despite getting a lot of free food in restaurants. Alcohol might have been a factor).
I took Maymesters and summer classes. And still found ways to work 3 jobs in the summer to build up an extra $1800 or so to cover emergencies/girl friends that popped up over the year.
I spent a lot of money on food and drink. I enjoyed my time at UGA. I got out with just under 10k in student loans. Paid those off in 2 years.
I made a little more as a waiter (probably worked about 30 hours a week).
I didn't buy health insurance. I was uninsured for 3.5 years until I graduated early and got my first job.
I spent a more on food than your figures (and that is despite getting a lot of free food in restaurants. Alcohol might have been a factor).
I took Maymesters and summer classes. And still found ways to work 3 jobs in the summer to build up an extra $1800 or so to cover emergencies/girl friends that popped up over the year.
I spent a lot of money on food and drink. I enjoyed my time at UGA. I got out with just under 10k in student loans. Paid those off in 2 years.
Posted on 8/14/18 at 7:22 pm to PrivatePublic
Don't pay for their college.
DO set aside a reasonable amount annually to give them upon graduation which will help them pay off their loans. They will also have learned valuable lessons in making financial decisions (aka the cost / benefit of their choice in college, loans, etc.) as well as truly understand the cost of college which will likely result in them taking it more seriously as an 18 year old freshman.
You will also feel much better about helping your kid avoid crippling debt in order to obtain a quality education which will expand their employment opportunities for the rest of their lives - it really should only be a small portion of your potential retirement if you plan ahead and make reasonable lifestyle adjustments.
ETA: Also be very upfront leading up to high school so they aren't surprised when they start looking at college.
DO set aside a reasonable amount annually to give them upon graduation which will help them pay off their loans. They will also have learned valuable lessons in making financial decisions (aka the cost / benefit of their choice in college, loans, etc.) as well as truly understand the cost of college which will likely result in them taking it more seriously as an 18 year old freshman.
You will also feel much better about helping your kid avoid crippling debt in order to obtain a quality education which will expand their employment opportunities for the rest of their lives - it really should only be a small portion of your potential retirement if you plan ahead and make reasonable lifestyle adjustments.
ETA: Also be very upfront leading up to high school so they aren't surprised when they start looking at college.
This post was edited on 8/14/18 at 7:50 pm
Posted on 8/14/18 at 7:31 pm to EA6B
Not failed by any means.
Just means you need to re-evaluate your life
It’s so easy to make 6 figures these days, how little money are you people making ?
Just means you need to re-evaluate your life
It’s so easy to make 6 figures these days, how little money are you people making ?
Posted on 8/14/18 at 7:31 pm to EA6B
quote:
Apparently in today's world if you don't pay for your kid's college you have failed as a parent. I wonder if all the parents that are going to pay for their kid's education will consider themselves a failure at parenting if their kid chooses not to go to college or drops out
No. Almost no one has made that argument. This is an LSU/ SEC/ College football forum which means most people are college graduates. It means most will have household incomes over $100k by the time their kids are in college.
I've never advocated for paying for everything. I'm planning on paying for board, maybe some bills, and an in state tuition. I have a 529 set up that's overly funded for both my daughters.
My only point, is that the OP sounded like he was almost making a proud statement and many others in this thread have said that paying your own way basically puts more hair on a man's chest. I've only advocated that as a college educated man with a good income, I want to help my kids do as well as possible. That is not affecting at least 15% to retirement.
I may be driving an XLT instead of a platinum though. For most on this board, that's basically what this decision comes down to.
Posted on 8/14/18 at 7:39 pm to baldona
quote:
I may be driving an XLT instead of a platinum though. For most on this board, that's basically what this decision comes down to.
Ya, I really don't think most people would be eating into their retirement to set aside a reasonable amount to help with their kids college. It would be more of a lifestyle / discretionary spending adjustment and with proper planning, could easily be fairly minor yet still result in a nice savings to help pay for college.
Posted on 8/14/18 at 7:49 pm to Sneaky__Sally
There is a zero percent chance I’ll read this thread. Just wanted to look at the last page to see why this thread is still alive.
Posted on 8/14/18 at 7:57 pm to PrivatePublic
My parents didn’t pay for my college and I was out on my own at 18. I joined the army and finished college on my own. My parents had very little money, so I did it on my own. Anyone who tells you they can’t get a degree is a flat out liar or lazy as hell.
Posted on 8/14/18 at 8:24 pm to djangochained
quote:
Just means you need to re-evaluate your life
What the frick is this bullshite? Someone needs to reevaluate their life because they aren't paying for their kid's college education?
You people are fricking nuts.
quote:
It’s so easy to make 6 figures these days, how little money are you people making ?
You talking as a couple or as a single salary? It's really not that easy across the board.
This post was edited on 8/14/18 at 8:26 pm
Posted on 8/14/18 at 9:13 pm to PrivatePublic
quote:
We crunched numbers all day Saturday and it would just eat too much of our retirement. Luckily she is on the same page as me on this: we don't have to sacrifice our future for something adults can obtain on their own. We will do all we can to help with scholarships, trade schools, loans if they want to go down that road, etc.
I'm not going to read through the comments, but your dumbass waited until the last minute to crunch through numbers to figure this out? How do you not have college funds set up for them? Its not that hard, especially with a working wife. Education is the best gift you could give your children you selfish count
Posted on 8/14/18 at 9:18 pm to mailman
We will do "all we can" as long as it doesn't require much sacrifice
Posted on 8/14/18 at 9:18 pm to mailman
How is this thread still going? OP makes a personal decision about what he will, or in this case won’t do, for his kids and this many people care?
This post was edited on 8/14/18 at 9:20 pm
Posted on 8/14/18 at 9:20 pm to PrivatePublic
Tell them go junior college and transfer after 2 years
Posted on 8/14/18 at 9:55 pm to baldona
quote:
OP sounded like he was almost making a proud statement
Apparently the phrase "difficult decision" confused you. My bad. I'll try to use smaller words next time.
Posted on 8/14/18 at 10:08 pm to PrivatePublic
To each his own. Everybody's situation is different. We live in a small house and drive ten year old cars, determined to give our kids a debt free college education start on life. Up to them after that. Along that line, just wrote my freshman daughter's fall tuition / room board check. Best feeling I've had in awhile actually.
Page 39 of 40
Popular
Back to top
Follow TigerDroppings for LSU Football News