Comments on: Where I Come From http://www.penny-saved.com/2008/02/09/where-i-come-from/ Personal Finance and Wealth by the Penny Wed, 20 Aug 2008 13:12:08 +0000 http://wordpress.org/?v=2.6.1 By: College Expenses: Should parents pay for their children’s tuition? | Bible Money Matters http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-19128 College Expenses: Should parents pay for their children’s tuition? | Bible Money Matters Mon, 30 Jun 2008 19:21:58 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-19128 [...] Who do you blame for your financial problems? Should you discuss finances with your children? A discussion of paying for children’s college Pay for college or make them work for [...] [...] Who do you blame for your financial problems? Should you discuss finances with your children? A discussion of paying for children’s college Pay for college or make them work for [...]

]]> By: 15 Things To Do With Your Economic Stimulus Check | Free From Broke http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-17913 15 Things To Do With Your Economic Stimulus Check | Free From Broke Wed, 30 Apr 2008 19:12:04 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-17913 [...] loans - If you have high interest student loans then your stimulus check can be a great way to help pay your student loans off. Just like with credit cards paying off your high interest student loans give you the instant [...] [...] loans - If you have high interest student loans then your stimulus check can be a great way to help pay your student loans off. Just like with credit cards paying off your high interest student loans give you the instant [...]

]]> By: Bible Money Matters http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-16802 Bible Money Matters Mon, 07 Apr 2008 18:33:51 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-16802 <strong>College Expenses: Should parents pay for their children's tuition?...</strong> A lot of our married friends have been having kids lately, and as a result some of them have started saving for their kid's future college education.I think it is admirable to be planning ahead, and e...... College Expenses: Should parents pay for their children’s tuition?…

A lot of our married friends have been having kids lately, and as a result some of them have started saving for their kid’s future college education.I think it is admirable to be planning ahead, and e……

]]> By: Penny Saved http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13357 Penny Saved Wed, 13 Feb 2008 22:53:30 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13357 Sally that's the kind of long term thinking that the government doesn't want you to do :) But it makes perfect sense, and our politicians could use some long-term thinking when they are making policy decisions. Sally that’s the kind of long term thinking that the government doesn’t want you to do :) But it makes perfect sense, and our politicians could use some long-term thinking when they are making policy decisions.

]]> By: sally http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13351 sally Wed, 13 Feb 2008 16:06:49 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13351 Heh. Going to a private liberal arts school was definitely a rebellion, but a much smaller one that it could have been. My first choice was Evergreen State College in Washington State (big time hippie school), but my mom wanted me to go to a Michigan school so I'd be close to family in case of an emergency, and that's what I ended up doing. I agree with you. Paying off debt is definitely better for the economy in the long term than buying a bunch of consumer junk right now. Think of it this way: the $300-$600 I'll get is a one time thing, but once my debt is gone, I'll have an extra $600+ *every* month that I could potentially put towards consumer goods and services. Most of it would probably go into savings, but I'll be able to up my living standards a little bit, maybe by, say, $150+ a month. And $150 a month adds up to a lot more than $600 all at once. Heh. Going to a private liberal arts school was definitely a rebellion, but a much smaller one that it could have been. My first choice was Evergreen State College in Washington State (big time hippie school), but my mom wanted me to go to a Michigan school so I’d be close to family in case of an emergency, and that’s what I ended up doing.

I agree with you. Paying off debt is definitely better for the economy in the long term than buying a bunch of consumer junk right now. Think of it this way: the $300-$600 I’ll get is a one time thing, but once my debt is gone, I’ll have an extra $600+ *every* month that I could potentially put towards consumer goods and services. Most of it would probably go into savings, but I’ll be able to up my living standards a little bit, maybe by, say, $150+ a month. And $150 a month adds up to a lot more than $600 all at once.

]]> By: Monevator http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13349 Monevator Wed, 13 Feb 2008 12:56:48 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13349 Sally, don't mean to sound patronising, but I think it's really impressive how you've overcome your parental upbringing to take responsibility for your finances. Even if you do mask it as teenage rebellion! As for the rebate from the government, you patriotic duty would be to go out and spend it... paying off debt doesn't stimulate the economy. That said, I'd do exactly what you propose (I think it'd be more patriotic in the long term, but I'm pretty old fashioned about debt!) Sally, don’t mean to sound patronising, but I think it’s really impressive how you’ve overcome your parental upbringing to take responsibility for your finances. Even if you do mask it as teenage rebellion!

As for the rebate from the government, you patriotic duty would be to go out and spend it… paying off debt doesn’t stimulate the economy. That said, I’d do exactly what you propose (I think it’d be more patriotic in the long term, but I’m pretty old fashioned about debt!)

]]> By: College and a parent’s responsibility http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13223 College and a parent’s responsibility Mon, 11 Feb 2008 20:53:37 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13223 [...] about it.  Today I’m going to touch on the latter.  Over at A Penny Saved, Sally wrote a post yesterday that caught my attention.  It’s a great post actually, with her financial history / [...] [...] about it.  Today I’m going to touch on the latter.  Over at A Penny Saved, Sally wrote a post yesterday that caught my attention.  It’s a great post actually, with her financial history / [...]

]]> By: sally http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13185 sally Sun, 10 Feb 2008 21:51:39 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13185 @Kaye: Thank you for commenting. I do understand my dad's reasons for not being able to help pay for my college. I just wish that he had talked to me about them and helped us work out a solution, instead of equating him not having money to pay for my college education with him not wanting me to go at all, and trying to keep me from going. Also, good for you! I did get scholarships as well, over $50,000 in fact, but the school I so foolishly chose was very expensive. @Kaye: Thank you for commenting. I do understand my dad’s reasons for not being able to help pay for my college. I just wish that he had talked to me about them and helped us work out a solution, instead of equating him not having money to pay for my college education with him not wanting me to go at all, and trying to keep me from going.

Also, good for you! I did get scholarships as well, over $50,000 in fact, but the school I so foolishly chose was very expensive.

]]> By: Kaye http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13184 Kaye Sun, 10 Feb 2008 20:04:13 +0000 http://www.penny-saved.com/2008/02/09/where-i-come-from/#comment-13184 I understand where you are coming from and the resentment you must have felt due to your parents' (dad's really I guess) lack of money management skills. However, I will tell you that I did not ask for a penny of my parents' money (as they had none) for college. I think over the 4 years I attended, I asked for a total of about $400...placed over 2 different phone calls. I do not resent them in any way. They did the best they could for me by 1.) teaching me to be responsible for myself, as I was going to have to handle it as an adult as well as 2.) assuring that I got the best education (both at a rural high school and at home) so that scholarships could pay for my schooling. I chose a major that would both get me a good job and had a lot of scholarships available. I understand where you are coming from and the resentment you must have felt due to your parents’ (dad’s really I guess) lack of money management skills. However, I will tell you that I did not ask for a penny of my parents’ money (as they had none) for college. I think over the 4 years I attended, I asked for a total of about $400…placed over 2 different phone calls. I do not resent them in any way. They did the best they could for me by 1.) teaching me to be responsible for myself, as I was going to have to handle it as an adult as well as 2.) assuring that I got the best education (both at a rural high school and at home) so that scholarships could pay for my schooling. I chose a major that would both get me a good job and had a lot of scholarships available.

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