Recently a 22 year old young lady called into a radio station looking for advice. Her grandparents had set aside a college fund of $90k for her. She's now in her senior year and has no money left. (She blames her parents for not teaching her how to budget.) She admitted to spending money to take a trip to Europe, other spring breaks, along with clothes..etc The remaining tuition bill is for $22k. She said she'd be too embarrassed to work in the cafeteria and besides (working would affect her grades). She thinks her parents should use money from their retirement account. Would you?
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THANK YOU, you have indeed SPOKEN. AGREE with you to the multillionth degree!
Lisa, You're so right. No one's parents should have tell a grown child to divide the money by 4. Not only would I not dip into my retirement I wouldn't co-sign a loan either. In the article she said: "I know my parents can afford it." Entitled!
She is to work for the college money. That will teach her the VALUE of money which she will take with her for LIFE. Hard knocks are the BEST teacher by far!
Even if her parents can afford it, perhaps their refusal to dip into their retirement is putting their foot down, and finally teaching their entitled brat that money doesn't grow on mom and dad.
Exactly, she committed the crime so she, not her parents, must do the time. There are consequences for every action and it is time that she face up to the responsibility at hand.
Se has a great future in Congress.
I find this situation beyond unreasonable if you ask me.
She's probably the type of child who would attempt to get her inheritance now. "Don't you want to be alive to see me enjoy it?' LOL!
Yes and there ARE stories about such and such children will do ANYTHING to get that inheritance. We ALL know what happens to such children -hmmm, Melendez brothers and Dana Ewell.
Paula, great forthright response as usual. That spoiled brat needs a REALITY check. She needs LIFE 401 courses if you catch my drift. Life 401-an advanced k*****a*** lesson in how to navigate life. I KNOW 3 people like that-whew! Not pretty at all!
Paula, I see where you're coming from. However if it had been me I would have gotten worried each time I saw my account dwindling! This girl "assumed" her parents would bail her out. In the article she said: "I know my parents have the money."
She "assumed"....EXACTLY! Hello? Reality check! Need money? WORK.......Mom & Dad "have the $$" because they worked & saved. Now it's YOUR turn! Put on your Big Girl pants!
What is the difference between sponging off the folks and sponging off the taxpayer? The folks aren't forced to pay for an education. The taxpayer is forced to pay for another person's education. We live in a nation of spoiled brats.
What a great opportunity for the parents to say that they cant afford to give her their retirement money. And explain the purpose of that $ and that there might not be any $ left (for her) when they die - so get a job, a loan, and finish school.
Obviously, if she's irresponsible enough to ask them for their retirement money, it's highly unlikely she'll be able to support them in their old age, so they need to look out for themselves!
Ana Kolomeka, Are there still a lot of adult children supporting elders? Most of the seniors in nursing homes and "assisted living" housing have adult children. Parents shouldn't count on nor expect their children to support them in this era!:)
I am Ana Kolomeka - yes, I know a few elderly people who live with their grown children. Some pay for the care home as well. But the elderly should still look out for themselves - this ain't the Good Old Days!
exchange Uncle Sam for our fellow citizens and you have that 100% right. Most of us work like dogs at menial jobs to pay for school. Slave for years to pay back loans. Sweat and strain to keep good grades. Whining wasn't part of the program.
P.S. Regarding work affecting her grades, she needs an internship. Without one, she could face a RUDE shock after graduation!
The average age that a child leaves home for the LAST time was 22, in 1980. Today it is 31. The thought alone haunts me! Teehee
Haunts you? It haunts many parents who believe that once the children are grown, they are OUT and leading their own lives independent of mommy and daddy.
I agree with you. I would not give her my retirement money. Lots of college students work part-time.
What is most offensive to me is (she blames her parents) for not teaching her budgeting! Anyone with commonsense knows a trip to Europe is out!
"Hell to the Naw!" LOL!
I wish someone had given me $90k to go to school. There seems to be a lot of spoiled brats and entitled youth today. I'd be curious to know what her major is. The trip to Europe and spring breaks? Crazy!
So am I. This attitude is beyond ridiculous. I came from a middle class background and I feel that her attitude is brattish. My parents paid for my tuition in full for 4 years. 90K for college, I would have budgeted very wisely -monies LEFT over!
Even after I started getting good grades I still had to keep paying for the next 4 years. When my parents made a decision, they stuck by it and there were no do overs. Plus I think they liked having that extra money! lol
If anyone is to "blame" it is the primary and secondary school system itself, for "teaching to tests" instead of teaching life skills such as using a checking account, budgeting, and so forth.
Nonetheless, she should suck it up: tough love!
Mslizzy, u hit the nail on the head! For years I have been saying that more money and life skills should be taught you n secondary
My son went to a very fine and very expensive school. He had a very large and well deserved scholarship that did not cover every expense. He worked multiple jobs to pay for school. He is now a PhD with one GREAT job.