| Posted By |
Message |
| Pages: << 2 3 4 [5] |
Sash
Peace
Member since 6/08 10312 total posts
Name:
fka LIW Smara
|
Re: Baby vs older child expenses
 at the twist and turns in this thread.
|
Posted 4/30/15 9:23 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
MrsA1012
love my little girl !
Member since 9/10 5777 total posts
Name:
Me
|
Re: Baby vs older child expenses
Posted by Hofstra26
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.
. No, it isn't a prerequisite at all but there are certain types of jobs where a degree from a top 20 school is highly valued and there are certainly a host of jobs that require a grad degree from a top school for a candidate to be considered at all. This is a classist society and people whose parents can pay for an Ivy League school have a big leg up.
|
| Posted 4/30/15 9:25 PM |
| |
|
Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
|
Re: Baby vs older child expenses
Posted by MrsA1012
Posted by Hofstra26
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.
. No, it isn't a prerequisite at all but there are certain types of jobs where a degree from a top 20 school is highly valued and there are certainly a host of jobs that require a grad degree from a top school for a candidate to be considered at all. This is a classist society and people whose parents can pay for an Ivy League school have a big leg up.
Oh defintely, I agree there are jobs where the school you went to matters. But in general, one could be quite successful and make a nice income without having to spend hundreds of thousands of dollars on their education. That's all. 
|
| Posted 4/30/15 10:09 PM |
| |
|
Mara1017
LIF Adolescent
Member since 5/11 696 total posts
Name:
Mara
|
Re: Baby vs older child expenses
I do not agree that you cannot get a 6 figure job without a degree from an Ivy League school. Most teachers on Long Island make 6 figures before they retire and you do not have to go to an Ivy League school to become a teacher.
|
| Posted 4/30/15 10:25 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 Mara1017
I do not agree that you cannot get a 6 figure job without a degree from an Ivy League school. Most teachers on Long Island make 6 figures before they retire and you do not have to go to an Ivy League school to become a teacher.
Agreed.
|
| Posted 4/30/15 11:21 PM |
| |
|
TyReseGreen
Lil Prince is here
Member since 8/11 6338 total posts
Name:
Theresa
|
Re: Baby vs older child expenses
Heck yes things get more expensive as they get older. My oldest who will be 18 next month a senior in Catholic High School(tuition is like $1000 a month), Uniforms($500 per school year), regular clothes(wait until they get into designer clothes), car insurance for her(she's a new driver), gas money for her car(she has no job), college tuition payments (first payment due today and schools not until August ), social life(hers not mine;movies etc).
She doesn't want to go to her senior prom( you think you're saving money)....no instead they are going to Florida for a week(more money).
When she was born I sent her to day care (paid $145 a week); well now I'm paying 3 times that a week for my 20 month old same day care. I'm currently 25 weeks pregnant and considering not going back to work after baby is born since day care will cost me a fortune for both(not worth it In the long run).
Message edited 5/1/2015 3:11:17 AM.
|
| Posted 5/1/15 3:10 AM |
| |
|
mnmsoinlove
Mommy to 2 sweet girls!
Member since 3/09 8585 total posts
Name:
Melissa
|
Re: Baby vs older child expenses
Posted by afternoondelight828
Posted by hunnybunnyxoxo
Posted by TheDivineMrsM
Posted by evrythng4areason
There are no kids anymore around doing things like we did as kids. Everyone is out in an activity. It is just different now.
This is so sad to me. I have my girls in activities but I don't want their whole life to be activities. People go overboard and kids are missing out. Whatever happened to waking up on a Saturday morning and calling up friends to come over and play. Well now everything has to be planned ahead of time because you have to make play dates. Kids are over scheduled with no down time. To me I think that is a change for the worse.
|
| Posted 5/1/15 7:04 AM |
| |
|
MrsA1012
love my little girl !
Member since 9/10 5777 total posts
Name:
Me
|
Re: Baby vs older child expenses
Posted by Mara1017
I do not agree that you cannot get a 6 figure job without a degree from an Ivy League school. Most teachers on Long Island make 6 figures before they retire and you do not have to go to an Ivy League school to become a teacher.
Yes, for sure ,but that comes after many years. I'm talking about jobs that you can get right out of under grad where you start at close to six figures or in the low six figures. Jobs in finance, consulting , technology, engineering etc. there are many elite companies that almost exclusively require a degree from a top 10 , top 15 school.
Message edited 5/1/2015 8:10:17 AM.
|
| Posted 5/1/15 8:09 AM |
| |
|
MrsA1012
love my little girl !
Member since 9/10 5777 total posts
Name:
Me
|
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.
I could be wrong but I don't think you can borrow that much as an undergrad, at least not in subsidized loans. The parents are expected to pay either in cash or by taking their own loans. There might be private loans avaliable though at extremely High interest rates.
|
| Posted 5/1/15 8:16 AM |
| |
|
alexb
LIF Adult
Member since 5/13 960 total posts
Name:
|
Re: Baby vs older child expenses
Posted by MrsA1012
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.
I could be wrong but I don't think you can borrow that much as an undergrad, at least not in subsidized loans. The parents are expected to pay either in cash or by taking their own loans. There might be private loans avaliable though at extremely High interest rates.
I don't remember what kind of loans i had as i had so many but i graduated undergrad and grad with $120K in loans. It was terrible and took me 10 years to pay off. Like many stated in prior posts, i didn't move out of my parents until the age of 30 (although i was away for undergrad and a year for grad). Even after i married my husband, we lived with my mom for six months. My first job started at $60K and i worked every weekend as a waitress. That helped to bring in another $400-$500 a weekend. Overall, it was extremely tough and i remember feeling a bit overwhelmed by my monthly payments. They were $700 per month at a 4.5% rate. Also , besides living at home until the age of 30, i drove a crappy car for a long time. In fact, i didnt even upgrade until two years ago. My friends all used to make fun of me but they are the ones still paying off their loans so i dont feel so bad now:)
|
| Posted 5/1/15 8:28 AM |
| |
|
|
|
Re: Baby vs older child expenses
We are doing college searches now and the majority of them are $20,000 or more (at least for what my child would like to go for).
|
| Posted 5/1/15 8:33 AM |
| |
|
|
|
Re: Baby vs older child expenses
Posted by MrsA1012
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.
I could be wrong but I don't think you can borrow that much as an undergrad, at least not in subsidized loans. The parents are expected to pay either in cash or by taking their own loans. There might be private loans avaliable though at extremely High interest rates.
I got this figure from parents who currently have or had kids in college recently.
|
| Posted 5/1/15 8:36 AM |
| |
|
hopingforbaby
We made a wish & you came true
Member since 2/10 2695 total posts
Name:
Me
|
Re: Baby vs older child expenses
I will do anything/everything in my power to help out my DCs as they get older and go off to college but I can all but guarantee they will not be getting $200k++ for college from us. I can't even afford to buy a house for my family right now, let alone save hundreds of thousands of dollars for school! DS has two bank accounts that are contributed to on a regular basis and the hope is that it will help with some of those expenses down the line.
|
| Posted 5/1/15 9:50 AM |
| |
|
JME78
LIF Adult
Member since 11/09 3672 total posts
Name:
|
Re: Baby vs older child expenses
My DH got a great job in finance right out of college and he went to a state school (in CT).
|
| Posted 5/1/15 10:03 AM |
| |
|
|
|
Re: Baby vs older child expenses
Posted by MarisaK
Posted by MrsPenthouse
Posted by hunnybunnyxoxo
Posted by TheDivineMrsM
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.
They kind of are optional... but if they're not involved in any of these things, what are they going to do?
play at home, play in the backyard.
ride bikes with friends.
I don't remember having to be shuffled around to 10 different activities a week when I was a kid.
as a middle school kid, during the week, i'd come home and do homework and relax at home. on Saturday, I had ballet up until 13 years old or so.
I swear I am NOT at all cheap but here I am thinking the SAME thing. Ride your bike, do some CHORES at home, visit family, run errands with mom and dad.
My philosphy is that M-F is for work/school. Weekends are family time, I will not be shuttling to and fro. Attend a class- sure, one game in the local league a week- no prob. Beyond that, I will not allow unecessary activities into our schedule.
I don't even like thinking about what we spend between childcare and nursery school combined....it's well over $2 grand per month. No WAY are we spending that on a school aged child.
you will be surprised at the things you find completely ridiculous, that you end up doing for your kids .........
The local leagues aren't one game a week, they are 2, minimum, sometimes with practices in there as well. If you have more than one child - there you go. (and my boys are only 4 and 6 years old) As they get older there are travel teams, in addition to school teams etc.
I am far from a pushover with my kids, but I can't tell my son "No you can't play football b/c I don't feel like rushing home to drive you there" .......
My older son just turned 6 and LOVES to play ice hockey. He's been begging to do it since 3 years old, and we started him at 4. He LOVES it, and he's good at it. Practice is 5:30 during the week (right now) DH rearranges his schedule to be able to take him ........he has games early on Saturday mornings. He plays baseball along side Hockey b/c I think it's important for them to play on a community league where they are with kids from school and the neighborhood, and we meet parents in our community as well .........but I'm not going to make him stop Hockey, which he adores, b/c of it - so we juggle both.
Believe me, I think the cost, and time and effort that goes into sports (hockey especially) is INSANE, however, it's not like it was when we were kids, sports are SO unbelievably competitive - I don't want to do my boys a disservice by not giving them the opportunity to play at a young age, because if they don't start young, they won't have a chance in hell of competing for a position when they are Jr High/High School age. Do I think it's sad and completey ridiculous? Yes .......but I do it, for them b/c I'm trying my best to set them up be successful. It seems silly, but it's something I never would have thought twice about until they hit that age, and I started seeing it.
And for two FTW parents, I will gladly pay a small fortune for 'a million activities' b/c it means my kids will have considerably less time to be hanging out doing nothing, and getting into trouble. They will be part of teams, make friends, be a part of the community. It's exhausting and expensive, but I can't imagine telling my sons 'No' b/c I don't want to be bothered. And I don't know too many 12 - 17 year olds who are happy to 'run errands with Mom & Dad" - I think that's utopian ......
. Perfectly said!
|
| Posted 5/1/15 8:51 PM |
| |
|
Mara1017
LIF Adolescent
Member since 5/11 696 total posts
Name:
Mara
|
Re: Baby vs older child expenses
Posted by MrsA1012
Posted by Mara1017
I do not agree that you cannot get a 6 figure job without a degree from an Ivy League school. Most teachers on Long Island make 6 figures before they retire and you do not have to go to an Ivy League school to become a teacher.
Yes, for sure ,but that comes after many years. I'm talking about jobs that you can get right out of under grad where you start at close to six figures or in the low six figures. Jobs in finance, consulting , technology, engineering etc. there are many elite companies that almost exclusively require a degree from a top 10 , top 15 school.
I still don't agree. I went to a SUNY school and I know many people in finance, consulting , technology, engineering etc and they got jobs at top companies.
|
| Posted 5/2/15 12:45 AM |
| |
|
butterfly20
Party of 5 - 2015
Member since 4/06 7390 total posts
Name:
|
Baby vs older child expenses
If not s a h m summer camp can easily be 5k for the 8 week full time hour. Plus public school extra morning and after hours 50702pm a month... it adds up
|
| Posted 5/2/15 2:07 AM |
| |
|
| Pages: << 2 3 4 [5] |
