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Baby vs older child expenses

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evrythng4areason
And then there were 4

Member since 1/10

5224 total posts

Name:
Kayla

Re: Baby vs older child expenses

Posted by Hofstra26

Posted by evrythng4areason

Posted by afternoondelight828

Posted by evrythng4areason

I guess that makes sense then. I view so many of the things listed to be optional, not a requirement like child care.



Most things are not optional anymore and you want your child to be involved in things like sports or activities so they don't get in trouble and to be chosen for college now you have to be an overall person, not just grades.



I'm a teacher so I realize this. But again, I doubt I'm going to be spending 1k a month on activities. At that point, dd would have to choose.

Growing up I got a certain dollar amount I was able to spend on back to school clothes, and the same for summer clothes. Anything else I had I use my own money for. Holidays I knew my parents weren't spending more than say $200 on me.

DH and I also have zero intention of paying for college, a car, an extravagant sweet 16, or anything of that nature so I suppose that impacts the amount of cost.

I also think I'm lucky, bc in our neighborhood kids do go knock on doors and play with one another. Kids are always in and out of houses on my block.

I do plan on putting dd in some activities, but as a whole I'm also not the person who has to go to the zoo or acquarium or a class every weekend. It's just not reality to me.



A little off topic but you're NOT going to help your kids pay for college??? At all???? Or help them get their first car??? Chat Icon Chat Icon

I've been strapped with student loans for years and it SUCKS. We already set up 529 plans for both of our kids and we contribute what we can right now. DH and I are hoping to put away as much money as we can for them because I don't want them to have to graduate with loans, if possible. We did agree however, that we're not spending a million dollars on college. Both DH and I got our undergrad degrees from a SUNY school and we got a great education so we will encourage our kids to look at the SUNY system.

As for a car, I FULLY expect our kids to work and save and help out with the purchase of their car BUT that is an expense that we're also planning on incurring once our kids are of age. Our parents helped us get our first cars, we want to help our kids too.

I'm with you on the Sweet 16 though, screw that nonsense. Chat Icon Chat Icon I'm not dropping thousands of dollars on a mini-wedding for a little girl. No way. If my DD wants that kind of celebration she can forget a car.............it's one or the other. Chat Icon



Nope. DH and I both did it all on our own. I bought my own cars, paid for car insurance, paid for my cell phone, paid for most of our clothes. We both went through college on either scholarships or loans, and we're fine-everything will be paid off before dh is 31, and he's older than i am (and we both went to private universities and have grad degrees).

Will we never help our child(ren) out with things in life? Of course we will help. But to us, having children does not mean supporting them for forever.

Posted 4/30/15 10:33 AM
 
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Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: Baby vs older child expenses

Posted by evrythng4areason

Posted by Hofstra26

Posted by evrythng4areason

Posted by afternoondelight828

Posted by evrythng4areason

I guess that makes sense then. I view so many of the things listed to be optional, not a requirement like child care.



Most things are not optional anymore and you want your child to be involved in things like sports or activities so they don't get in trouble and to be chosen for college now you have to be an overall person, not just grades.



I'm a teacher so I realize this. But again, I doubt I'm going to be spending 1k a month on activities. At that point, dd would have to choose.

Growing up I got a certain dollar amount I was able to spend on back to school clothes, and the same for summer clothes. Anything else I had I use my own money for. Holidays I knew my parents weren't spending more than say $200 on me.

DH and I also have zero intention of paying for college, a car, an extravagant sweet 16, or anything of that nature so I suppose that impacts the amount of cost.

I also think I'm lucky, bc in our neighborhood kids do go knock on doors and play with one another. Kids are always in and out of houses on my block.

I do plan on putting dd in some activities, but as a whole I'm also not the person who has to go to the zoo or acquarium or a class every weekend. It's just not reality to me.



A little off topic but you're NOT going to help your kids pay for college??? At all???? Or help them get their first car??? Chat Icon Chat Icon

I've been strapped with student loans for years and it SUCKS. We already set up 529 plans for both of our kids and we contribute what we can right now. DH and I are hoping to put away as much money as we can for them because I don't want them to have to graduate with loans, if possible. We did agree however, that we're not spending a million dollars on college. Both DH and I got our undergrad degrees from a SUNY school and we got a great education so we will encourage our kids to look at the SUNY system.

As for a car, I FULLY expect our kids to work and save and help out with the purchase of their car BUT that is an expense that we're also planning on incurring once our kids are of age. Our parents helped us get our first cars, we want to help our kids too.

I'm with you on the Sweet 16 though, screw that nonsense. Chat Icon Chat Icon I'm not dropping thousands of dollars on a mini-wedding for a little girl. No way. If my DD wants that kind of celebration she can forget a car.............it's one or the other. Chat Icon



Nope. DH and I both did it all on our own. I bought my own cars, paid for car insurance, paid for my cell phone, paid for most of our clothes. We both went through college on either scholarships or loans, and we're fine-everything will be paid off before dh is 31, and he's older than i am (and we both went to private universities and have grad degrees).

Will we never help our child(ren) out with things in life? Of course we will help. But to us, having children does not mean supporting them for forever.



I understand what you're saying and there is nothing wrong with doing it all on your own, that is admirable. However, I just feel like if you have the means to help your kids, why wouldn't you?

I don't think helping them with college or a car is "supporting them forever". If they are 30, living at home, and expecting you to pay for everything that would fall under, "supporting them forever". But helping your 16 year old kid with a car or your 18 year kid with college is (at least to me) a normal, expected, parental expense.

Posted 4/30/15 10:41 AM
 

blu6385

Member since 5/08

8351 total posts

Name:

Re: Baby vs older child expenses

Posted by smooney

I think its people who don't pay for full-time day care who say that. Chat Icon



Chat Icon Chat Icon Chat Icon seriously I pay over $25000 a year for 2 kids full time in daycare.

Also I think its what you choose to do. your kids do not have to do every sport out there, they don't have to go to camp, they dot have to do dance, gymnastics, you don't have to spend tons on parties, sweet 16, religion etc. all that is what you choose to do. didn't do all of that stuff when I was younger didn't really care to and if I did and my parent couldn't afford I clearly got over it cause I don't even remember if that happen.

I haven't read all post but I think I saw something with college I haven't started a college fund yet, not sure I will but if I do it will be after my kids are out of daycare hell I can pretend that I am paying daycare every week for a few years and theirs there college tuition. either way my kids will be taking loans out in their names to pay for college if they pass school and not flunk out I will pay them back if the don't they will pay them back. my parents did this for me and I plan on doing the same. I refuse to pay for my kid who is going to party and take 7 years to graduate college they want to do that they can pay for it themselves.

Posted 4/30/15 11:04 AM
 

DaniJude
You're My Home <3

Member since 11/06

14815 total posts

Name:
Danielle

Re: Baby vs older child expenses

Nah I was raised where I paid for my own college and so did my brother and sister. Before that, my sister and I were given a choice of a sweet sixteen party or $500 (cost of said party) toward a car. We chose the car and not sure what my sister saved but I saved the additional $1,000 on my own working in HS to get the car.

My brother was given a choice of the car and something else and now I forget!!! Dang!!! Anyway, when he was 17 he wanted a pick-up truck so bad. He asked my dad to co-sign the loan. My dad said, if you save $10,000 for the truck your payments will be next to NOTHING because the truck itself only cost, new, about $15,000. So my dad said, do it and I'll cosign for you. My brother said DEAL! And in about SEVEN MONTHS of working like a dog while going to school and maintaining good grades saved up that money. My dad, years later, told us he told my brother that because he never thought he would actually do it... and really didn't want to co-sign for him, just didn't want his name on a loan for anybody, not because he wasn't responsible. Anyway, my brother came to him with that cash IN A SHOE BOX Chat Icon that he kept on the top shelf of his closet and saved like crazy and my dad said, I HAD to keep my word. And he co-signed. My brother LOVED that truck. I'll never forget it. I remember him coming home from bar-backing at Danford's so hoarse from working all night he had lost his voice and counting out his hundreds in cash and putting them in the shoe box. It brings tears to my eyes to think about it.

That's how we were raised. We worked. We worked like dogs. And we still do. And there were times, when I was young, where I resented it or I would get angry because I couldn't have things handed to me or I couldn't have all the nice clothes my friends had - or the new cars. But now, as an adult, I thank God they raised us that way. That's how they were raised. And we did have more than they had -- but more within reason and more that was EARNED.

I chose to go to a local community college so that I could afford to pay my way through it -- I could have taken loans, but didn't. I paid my way through college, while working, and I have ZERO student loans. I had to choose a school I could afford. My sister did the same but chose a private school for her master's. She took a loan. She started work as a teacher and has since paid the loan off. My brother went to community school, got his associates, paying as he went. He moved to Virginia when he was 21 to become a police officer. Continued to go to school down there when he wasn't working, after he came home after 9/11 to become a cop up here - after the birth of his son - he attended SUNY Empire State College to finish out his bachelor's degree. He paid as he went, while working as a cop. He graduated in May, was supposed to walk in his ceremony and get his diploma the end of that month but he was hurt at work by the drunk driver the week prior to the ceremony. He said he only wanted to walk in it to show his son what hard work and determination can get you.

Each person's style of parenting and what they choose to spend on their children, give them, etc. is a personal choice. There are good and bad sides to each method... but as long as it works for them, I don't care what people do. But just because people HAVE the money doesn't mean they should be obligated to give it to their kids -- like when you hear these millionaires who choose NOT to give their kids money to teach them responsibility, etc. I respect that. That is THEIR money, not their kids money. They earned it.

For me, my son can choose to pay as he goes and go to a community school like I did or a SUNY school - whatever he wants. If he wants to go to a school that's more expensive he can take a loan OR take part of a loan and pay as he goes part of it. It's doable. People do it all the time. I did it. I'm a better person for it. It made me stronger. It taught me a lot.

And I have pride for it too and that's priceless.

But, I don't judge anyone who was raised differently or who chooses to raise their children differently.

Chat Icon

Message edited 4/30/2015 11:18:37 AM.

Posted 4/30/15 11:13 AM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.

Posted 4/30/15 12:41 PM
 

jessnbrian
Only God knows His plan for us

Member since 4/13

7238 total posts

Name:
Jessica

Re: Baby vs older child expenses

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.

Posted 4/30/15 1:06 PM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Yep, exactly. I don't know how any of these kids are going to be able to survive on their own after getting out of college.

Posted 4/30/15 1:25 PM
 

Leb
LIF Adult

Member since 12/09

4166 total posts

Name:

Re: Baby vs older child expenses

Posted by afternoondelight828

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Yep, exactly. I don't know how any of these kids are going to be able to survive on their own after getting out of college.



They're not.

They're either going to move off the island or live with their parents and get carried under their parents insurance until they find a job and move out late 20s when they find w potential spouse and can at least have two incomes.

At my company they're starting out kids out of college at 37k. When I graduated I was started at 32.5k. The cost of everything has increased so much I don't get how these kids can afford anything. They ALL live with their parents still.

Posted 4/30/15 1:41 PM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: Baby vs older child expenses

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Shut up!!! Are you serious??!!! Hofstra is $56K PER YEAR now??!!! Chat Icon Chat Icon Chat Icon Chat Icon That is INSANE!!!!! When I went for my undergrad degree it was a little under $14K/yr but that was back in 1993. (I commuted, I didn't dorm there) My Masters which I completed at Hofstra in 2003 cost me $32K total!!! WOW!!!..............my jaw is on the floor. I cannot believe it's gotten that expensive!!!!

Not that it's cheap but that's EXACTLY why I want my kids to go SUNY. I cannot justify spending over $200K on an 18 yr old kid for an education where they might not even really know what they want to do when they "grow up". Just crazy the cost of education today!!

Posted 4/30/15 1:51 PM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: Baby vs older child expenses

Posted by Leb

Posted by afternoondelight828

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Yep, exactly. I don't know how any of these kids are going to be able to survive on their own after getting out of college.



They're not.

They're either going to move off the island or live with their parents and get carried under their parents insurance until they find a job and move out late 20s when they find w potential spouse and can at least have two incomes.

At my company they're starting out kids out of college at 37k. When I graduated I was started at 32.5k. The cost of everything has increased so much I don't get how these kids can afford anything. They ALL live with their parents still.



Someone my DH works with has a son who moved to Seattle after college, he's a software engineer, and he got a job with Google. They started him at just about $120K/yr and gave him around a $20K signing bonus. Can you imagine??!! My DH was 30 before he was making 6 figures.............this kid is 22!!!!!! Chat Icon Chat Icon Chat Icon Guess it all depends on your profession. I couldn't believe that salary for a kid so young!!!!

Posted 4/30/15 1:54 PM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

Posted by Leb

Posted by afternoondelight828

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Yep, exactly. I don't know how any of these kids are going to be able to survive on their own after getting out of college.



They're not.

They're either going to move off the island or live with their parents and get carried under their parents insurance until they find a job and move out late 20s when they find w potential spouse and can at least have two incomes.

At my company they're starting out kids out of college at 37k. When I graduated I was started at 32.5k. The cost of everything has increased so much I don't get how these kids can afford anything. They ALL live with their parents still.



Yep exactly as there is NO way they are going to be able to pay regular bills AND student loans.
Teen live in a fantasy world that they think they will make a ton of money right away and will be able to do it all. Unfortunately they will get a reality check after 4 years of college.

Posted 4/30/15 2:03 PM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

Posted by Hofstra26

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Shut up!!! Are you serious??!!! Hofstra is $56K PER YEAR now??!!! Chat Icon Chat Icon Chat Icon Chat Icon That is INSANE!!!!! When I went for my undergrad degree it was a little under $14K/yr but that was back in 1993. (I commuted, I didn't dorm there) My Masters which I completed at Hofstra in 2003 cost me $32K total!!! WOW!!!..............my jaw is on the floor. I cannot believe it's gotten that expensive!!!!

Not that it's cheap but that's EXACTLY why I want my kids to go SUNY. I cannot justify spending over $200K on an 18 yr old kid for an education where they might not even really know what they want to do when they "grow up". Just crazy the cost of education today!!




Prices are insane. The cheapest is Suffolk at about $4,500/year now. I don't know if you are familiar with Dowling but it is $29,000 without the dorms and $40,000 with them.

Posted 4/30/15 2:04 PM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

Posted by Hofstra26

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Shut up!!! Are you serious??!!! Hofstra is $56K PER YEAR now??!!! Chat Icon Chat Icon Chat Icon Chat Icon That is INSANE!!!!! When I went for my undergrad degree it was a little under $14K/yr but that was back in 1993. (I commuted, I didn't dorm there) My Masters which I completed at Hofstra in 2003 cost me $32K total!!! WOW!!!..............my jaw is on the floor. I cannot believe it's gotten that expensive!!!!

Not that it's cheap but that's EXACTLY why I want my kids to go SUNY. I cannot justify spending over $200K on an 18 yr old kid for an education where they might not even really know what they want to do when they "grow up". Just crazy the cost of education today!!




http://www.hofstra.edu/admission/adm_costofattendance.html

Posted 4/30/15 2:05 PM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

Posted by Hofstra26

Posted by Leb

Posted by afternoondelight828

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Yep, exactly. I don't know how any of these kids are going to be able to survive on their own after getting out of college.



They're not.

They're either going to move off the island or live with their parents and get carried under their parents insurance until they find a job and move out late 20s when they find w potential spouse and can at least have two incomes.

At my company they're starting out kids out of college at 37k. When I graduated I was started at 32.5k. The cost of everything has increased so much I don't get how these kids can afford anything. They ALL live with their parents still.



Someone my DH works with has a son who moved to Seattle after college, he's a software engineer, and he got a job with Google. They started him at just about $120K/yr and gave him around a $20K signing bonus. Can you imagine??!! My DH was 30 before he was making 6 figures.............this kid is 22!!!!!! Chat Icon Chat Icon Chat Icon Guess it all depends on your profession. I couldn't believe that salary for a kid so young!!!!




The problem is they think they ALL will start at that. I will probably NEVER make 6 figures lol

Posted 4/30/15 2:06 PM
 

nycgirl
Angels!

Member since 3/09

7721 total posts

Name:

Re: Baby vs older child expenses

Posted by DaniJude

Nah I was raised where I paid for my own college and so did my brother and sister. Before that, my sister and I were given a choice of a sweet sixteen party or $500 (cost of said party) toward a car. We chose the car and not sure what my sister saved but I saved the additional $1,000 on my own working in HS to get the car.

My brother was given a choice of the car and something else and now I forget!!! Dang!!! Anyway, when he was 17 he wanted a pick-up truck so bad. He asked my dad to co-sign the loan. My dad said, if you save $10,000 for the truck your payments will be next to NOTHING because the truck itself only cost, new, about $15,000. So my dad said, do it and I'll cosign for you. My brother said DEAL! And in about SEVEN MONTHS of working like a dog while going to school and maintaining good grades saved up that money. My dad, years later, told us he told my brother that because he never thought he would actually do it... and really didn't want to co-sign for him, just didn't want his name on a loan for anybody, not because he wasn't responsible. Anyway, my brother came to him with that cash IN A SHOE BOX Chat Icon that he kept on the top shelf of his closet and saved like crazy and my dad said, I HAD to keep my word. And he co-signed. My brother LOVED that truck. I'll never forget it. I remember him coming home from bar-backing at Danford's so hoarse from working all night he had lost his voice and counting out his hundreds in cash and putting them in the shoe box. It brings tears to my eyes to think about it.

That's how we were raised. We worked. We worked like dogs. And we still do. And there were times, when I was young, where I resented it or I would get angry because I couldn't have things handed to me or I couldn't have all the nice clothes my friends had - or the new cars. But now, as an adult, I thank God they raised us that way. That's how they were raised. And we did have more than they had -- but more within reason and more that was EARNED.

I chose to go to a local community college so that I could afford to pay my way through it -- I could have taken loans, but didn't. I paid my way through college, while working, and I have ZERO student loans. I had to choose a school I could afford. My sister did the same but chose a private school for her master's. She took a loan. She started work as a teacher and has since paid the loan off. My brother went to community school, got his associates, paying as he went. He moved to Virginia when he was 21 to become a police officer. Continued to go to school down there when he wasn't working, after he came home after 9/11 to become a cop up here - after the birth of his son - he attended SUNY Empire State College to finish out his bachelor's degree. He paid as he went, while working as a cop. He graduated in May, was supposed to walk in his ceremony and get his diploma the end of that month but he was hurt at work by the drunk driver the week prior to the ceremony. He said he only wanted to walk in it to show his son what hard work and determination can get you.

Each person's style of parenting and what they choose to spend on their children, give them, etc. is a personal choice. There are good and bad sides to each method... but as long as it works for them, I don't care what people do. But just because people HAVE the money doesn't mean they should be obligated to give it to their kids -- like when you hear these millionaires who choose NOT to give their kids money to teach them responsibility, etc. I respect that. That is THEIR money, not their kids money. They earned it.

For me, my son can choose to pay as he goes and go to a community school like I did or a SUNY school - whatever he wants. If he wants to go to a school that's more expensive he can take a loan OR take part of a loan and pay as he goes part of it. It's doable. People do it all the time. I did it. I'm a better person for it. It made me stronger. It taught me a lot.

And I have pride for it too and that's priceless.

But, I don't judge anyone who was raised differently or who chooses to raise their children differently.

Chat Icon



Many of the most successful people I know have a similar story!

To learn the value of work & money and to learn what is a luxury is a HUGE life lesson.

Posted 4/30/15 2:42 PM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: Baby vs older child expenses

Posted by afternoondelight828

Posted by Hofstra26

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Shut up!!! Are you serious??!!! Hofstra is $56K PER YEAR now??!!! Chat Icon Chat Icon Chat Icon Chat Icon That is INSANE!!!!! When I went for my undergrad degree it was a little under $14K/yr but that was back in 1993. (I commuted, I didn't dorm there) My Masters which I completed at Hofstra in 2003 cost me $32K total!!! WOW!!!..............my jaw is on the floor. I cannot believe it's gotten that expensive!!!!

Not that it's cheap but that's EXACTLY why I want my kids to go SUNY. I cannot justify spending over $200K on an 18 yr old kid for an education where they might not even really know what they want to do when they "grow up". Just crazy the cost of education today!!




Prices are insane. The cheapest is Suffolk at about $4,500/year now. I don't know if you are familiar with Dowling but it is $29,000 without the dorms and $40,000 with them.



WOW!! Just crazy!! I can't believe how expensive it's all gotten.

Posted 4/30/15 2:56 PM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: Baby vs older child expenses

Posted by afternoondelight828

Posted by Hofstra26

Posted by Leb

Posted by afternoondelight828

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Yep, exactly. I don't know how any of these kids are going to be able to survive on their own after getting out of college.



They're not.

They're either going to move off the island or live with their parents and get carried under their parents insurance until they find a job and move out late 20s when they find w potential spouse and can at least have two incomes.

At my company they're starting out kids out of college at 37k. When I graduated I was started at 32.5k. The cost of everything has increased so much I don't get how these kids can afford anything. They ALL live with their parents still.



Someone my DH works with has a son who moved to Seattle after college, he's a software engineer, and he got a job with Google. They started him at just about $120K/yr and gave him around a $20K signing bonus. Can you imagine??!! My DH was 30 before he was making 6 figures.............this kid is 22!!!!!! Chat Icon Chat Icon Chat Icon Guess it all depends on your profession. I couldn't believe that salary for a kid so young!!!!




The problem is they think they ALL will start at that. I will probably NEVER make 6 figures lol



Oh I know!!! My cousin was getting so annoyed after college because he thought he was entitled to start with a salary of AT LEAST $100K. We would all laugh at him...........just because you graduated college doesn't mean anyone is going to hand you an awesome salary. The kid I mentioned above, those stories are few and far between. Needless to say, my cousin took a job at $30K'ish. That was his highest offer.

Message edited 4/30/2015 2:59:17 PM.

Posted 4/30/15 2:58 PM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: Baby vs older child expenses

Posted by afternoondelight828

Posted by Hofstra26

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Shut up!!! Are you serious??!!! Hofstra is $56K PER YEAR now??!!! Chat Icon Chat Icon Chat Icon Chat Icon That is INSANE!!!!! When I went for my undergrad degree it was a little under $14K/yr but that was back in 1993. (I commuted, I didn't dorm there) My Masters which I completed at Hofstra in 2003 cost me $32K total!!! WOW!!!..............my jaw is on the floor. I cannot believe it's gotten that expensive!!!!

Not that it's cheap but that's EXACTLY why I want my kids to go SUNY. I cannot justify spending over $200K on an 18 yr old kid for an education where they might not even really know what they want to do when they "grow up". Just crazy the cost of education today!!




http://www.hofstra.edu/admission/adm_costofattendance.html



Just WOW!

Posted 4/30/15 3:00 PM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

Posted by Hofstra26

Posted by afternoondelight828

Posted by Hofstra26

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Shut up!!! Are you serious??!!! Hofstra is $56K PER YEAR now??!!! Chat Icon Chat Icon Chat Icon Chat Icon That is INSANE!!!!! When I went for my undergrad degree it was a little under $14K/yr but that was back in 1993. (I commuted, I didn't dorm there) My Masters which I completed at Hofstra in 2003 cost me $32K total!!! WOW!!!..............my jaw is on the floor. I cannot believe it's gotten that expensive!!!!

Not that it's cheap but that's EXACTLY why I want my kids to go SUNY. I cannot justify spending over $200K on an 18 yr old kid for an education where they might not even really know what they want to do when they "grow up". Just crazy the cost of education today!!




Prices are insane. The cheapest is Suffolk at about $4,500/year now. I don't know if you are familiar with Dowling but it is $29,000 without the dorms and $40,000 with them.



WOW!! Just crazy!! I can't believe how expensive it's all gotten.



Yep, that is why parents with older kids are saying it is gets more expensive as they get older.

Posted 4/30/15 4:53 PM
 

afternoondelight828
LIF Adult

Member since 1/13

3363 total posts

Name:
Afternoon

Re: Baby vs older child expenses

Posted by Hofstra26

Posted by afternoondelight828

Posted by Hofstra26

Posted by Leb

Posted by afternoondelight828

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Yep, exactly. I don't know how any of these kids are going to be able to survive on their own after getting out of college.



They're not.

They're either going to move off the island or live with their parents and get carried under their parents insurance until they find a job and move out late 20s when they find w potential spouse and can at least have two incomes.

At my company they're starting out kids out of college at 37k. When I graduated I was started at 32.5k. The cost of everything has increased so much I don't get how these kids can afford anything. They ALL live with their parents still.



Someone my DH works with has a son who moved to Seattle after college, he's a software engineer, and he got a job with Google. They started him at just about $120K/yr and gave him around a $20K signing bonus. Can you imagine??!! My DH was 30 before he was making 6 figures.............this kid is 22!!!!!! Chat Icon Chat Icon Chat Icon Guess it all depends on your profession. I couldn't believe that salary for a kid so young!!!!




The problem is they think they ALL will start at that. I will probably NEVER make 6 figures lol



Oh I know!!! My cousin was getting so annoyed after college because he thought he was entitled to start with a salary of AT LEAST $100K. We would all laugh at him...........just because you graduated college doesn't mean anyone is going to hand you an awesome salary. The kid I mentioned above, those stories are few and far between. Needless to say, my cousin took a job at $30K'ish. That was his highest offer.




Yep they give them these salaries that maybe a few percentage get right away.

Posted 4/30/15 4:56 PM
 

jessnbrian
Only God knows His plan for us

Member since 4/13

7238 total posts

Name:
Jessica

Re: Baby vs older child expenses

Posted by afternoondelight828

Yep, that is why parents with older kids are saying it is gets more expensive as they get older.



and that is why DH and I started the 529 ... we are VERY lucky that we are able to do that, I know a lot of people who aren't able to, but it was the first thing we did. We went straight to Van Guard and opened a 529 and set it up to take $50/week (or month I don't remember) to put towards the account. The thing that I like about the NYS 529 is that if the person who's name is on the account (DS) doesn't use it all, it can be used by any family member, cousin, niece, nephew, sister, mom, etc. for school. AND you can use it towards ANY expenses for college - books, tuition, CLOTHES, dorm supplies, etc.

Posted 4/30/15 5:19 PM
 

MrsA1012
love my little girl !

Member since 9/10

5777 total posts

Name:
Me

Baby vs older child expenses

Schools like NYU are 65 k per year. The totals cost is $260 for many many private schools. No way this can be done without significant parental help. Also, many of the elite schools don't even offer scholarships. If the parent can't pay the kids choices are very limited. It is a very disturbing realty because you can't really get the six figure jobs without an elite education which is super expensive. It is a catch 22. Something needs to be done about the costs of education in this country.

Message edited 4/30/2015 8:19:24 PM.

Posted 4/30/15 8:16 PM
 

evrythng4areason
And then there were 4

Member since 1/10

5224 total posts

Name:
Kayla

Re: Baby vs older child expenses

Posted by MrsA1012

Schools like NYU are 65 k per year. The totals cost is $260 for many many private schools. No way this can be done without significant parental help. Also, many of the elite schools don't even offer scholarships. If the parent can't pay the kids choices are very limited. It is a very disturbing realty because you can't really get the six figure jobs without an elite education which is super expensive. It is a catch 22. Something needs to be done about the costs of education in this country.



Plenty of people can make it to 6 figures without a 65k a year education. That's just silly to say otherwise.

Posted 4/30/15 8:50 PM
 

BargainMama
LIF Adult

Member since 5/09

15657 total posts

Name:

Re: Baby vs older child expenses

Posted by Hofstra26

Posted by jessnbrian

Posted by afternoondelight828

The problem with children paying their own way to college is that these kids now are coming out with $80,000 or more loans. It is crazy as I am in the middle of looking at colleges now and they are not cheap like they used to be.



Try $300K if you go private for JUST A BACHELORS! I was looking at some universities and it's ridiculous now. $56K per year for Hofstra undergrad is just insane, INSANE.



Shut up!!! Are you serious??!!! Hofstra is $56K PER YEAR now??!!! Chat Icon Chat Icon Chat Icon Chat Icon That is INSANE!!!!! When I went for my undergrad degree it was a little under $14K/yr but that was back in 1993. (I commuted, I didn't dorm there) My Masters which I completed at Hofstra in 2003 cost me $32K total!!! WOW!!!..............my jaw is on the floor. I cannot believe it's gotten that expensive!!!!

Not that it's cheap but that's EXACTLY why I want my kids to go SUNY. I cannot justify spending over $200K on an 18 yr old kid for an education where they might not even really know what they want to do when they "grow up". Just crazy the cost of education today!!



That is just absolutely ridiculous.

The University of Michigan is $14,000 a year and a much better school (just for comparison). Just another disgusting overpriced rip off on this island.


That's more than Princeton, Harvard and Yale according to this site

http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/national-universities

Message edited 4/30/2015 9:06:57 PM.

Posted 4/30/15 9:04 PM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: Baby vs older child expenses

Posted by evrythng4areason

Posted by MrsA1012

Schools like NYU are 65 k per year. The totals cost is $260 for many many private schools. No way this can be done without significant parental help. Also, many of the elite schools don't even offer scholarships. If the parent can't pay the kids choices are very limited. It is a very disturbing realty because you can't really get the six figure jobs without an elite education which is super expensive. It is a catch 22. Something needs to be done about the costs of education in this country.



Plenty of people can make it to 6 figures without a 65k a year education. That's just silly to say otherwise.



I 100% agree. You don't need a fancy "elite" $260K education to make six figures. Truthfully, once you're actually in your chosen field for a few years and gain experience your expertise becomes far more valuable then where you got your degree. DH has a BA from SUNY Stony Brook which certainly isn't considered to be an elite school and he's on track to be a VP in his company before he's 45 and he's been making six figures since he was 30 yrs old. You defintely do not need to attend a premiere school to be successful.

Posted 4/30/15 9:06 PM
 
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