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How is the economy affecting you.
Cakemeister:
My 401(k) is down 50%, like everyone else.
Although the only debt I currently have is the smart car, (house is paid off) I'm trying to find ways to cut costs. Trading my gas guzzler Infiniti for the scooter last year was one. My next project will be installing a radiant barrier in my attic. I bought the foil and this project will start next week. The savings should pay for the cost of the foil ($300 plus some tools) in just a few months. There is a tax credit available for this project as well.
I also tutor high school kids in math and science for a few extra bucks. I pay for all my arcade-related projects with that money.
My daughter will be starting college next fall so I have to find a way to pay for it.
Health insurance and other benefits from work have held steady, cost wise, which is fortunate. The wife is working more (part time registered nurse) and we're trying other ways to save money, such as eating out less, buying certain items in bulk (toilet paper, etc).
On the upside there is a pretty good buyer's market for real estate.
shardian:
--- Quote from: Cakemeister on March 12, 2009, 11:41:28 am ---
My daughter will be starting college next fall so I have to find a way to pay for it.
--- End quote ---
Why? Loans, grants, work study, scholarships...
I never asked my parents for a dime for college. I think my mom bought my books once or twice because she wanted to. I understood from day one of high school that college wasn't a right, but a privilege.
I say all that now, but I'm sure I'll change my tune once my daughter is a high school senior. ;D
ark_ader:
Doing alright, but the banks in the UK are squeezing more money out of those with credit cards by changing the APR by as much as 10%.
I always do better in a recession as I work harder. ;D
Cakemeister:
--- Quote from: shardian on March 12, 2009, 02:49:46 pm ---
Why? Loans, grants, work study, scholarships...
I never asked my parents for a dime for college. I think my mom bought my books once or twice because she wanted to. I understood from day one of high school that college wasn't a right, but a privilege.
I say all that now, but I'm sure I'll change my tune once my daughter is a high school senior. ;D
--- End quote ---
Everyone is different. What may be the best solution for one may not be the best solution for another.
Your parents did what they thought best for you, and I do what I think is best for my kids. Your parents obviously wanted you to have to work hard so that you would value college rather than treating it as a privilege and a constant party. I don't want my daughter to have a mountain of student loan debt when she gets out of school, so I am paying for it.
shardian:
--- Quote from: Cakemeister on March 12, 2009, 03:21:57 pm ---Your parents obviously wanted you to have to work hard so that you would value college rather than treating it as a privilege and a constant party.
--- End quote ---
Hehe, that's funny. I guess that's what they told themselves huh? No, my parents didn't pay for my college because my dad blew money like it was going out of style. I had the intelligence to realize early that I didn't want to be a worthless mooch like my sister turned out to be.
The nest egg my parents left me upon HS graduation: a $500 savings account, and 2 $50 savings bonds from my Grandma. :w00t
I learned alot of lessons from my family though - no matter how unintentional they were. Earning your own way thru college is one of them. Everyone I started college with dropped out by their Sophomore year, because they were only there since their parents put them there.
My own wife had her college paid for by her mom, with minimal help from a Scholarship. She has not finished, and really has no desire to do so. Why would she feel a desire to finish - its not like SHE has anything invested in it?
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