Fail to plan....

[towatchher]

plan to fail. Many years ago when I met with a financial planner (maybe 18 years ago or so) I told her that in my priorities I was more interested in retirement planning than for college funds for my (at the time) 2 kids. I told her that both J and I had paid for our college educations at UM by working and I thought my kids could (should)do it as

Comments

[blessedjess]

JR went to a seminar last year sponsored by his job to educate parents on saving for their young childrens' educations. He came home in shock, and told me we'll have to do our best and not promise anything to our kids in advance. It's disappointing, but things have changed so drastically. I remember paying off my school loans years ago, and I can guarantee my kids will most likely have to do the same and then some.

[dawnmarie727]

The world is such a different place financially than it was 10 or 15 years ago. Sending you and yours love and financial ju ju goodness. i am so scared i won't be able to help my children during the time of transition from high school to the next step - whatever that step might be.

xoxo

[em_yrt]

Community college may be something to think about for the first couple years, if things are still bad when he graduates. I may be slightly biased as a CC instructor, but at least at my CC the classes are totally worthwhile and rigorous.

I was also talking to a couple of my CC students, both of whom had gone to a 4 year college and dropped out before they finished their first year. They recommended taking a year or two off to get a bit of perspective.

I realize that neither of those two suggestions are the ideal situation that you would hope for, but depending on what the world is like in another year or two, they may bear thinking about.