ladypatriot
Recycles dryer sheets
- Joined
- Jun 21, 2008
- Messages
- 121
First, the "bragging" part of my post: My dd-24 just completed her Master's of Library and Information Science! Top of her class, too! I'm so proud of her. Dh and I paid for her undergraduate program, but she took out a student loan to fund her master's program. She also worked two part-time jobs while going to school full-time (she was in an accelerated program, completing her master's in three semesters instead of four).
Dd has already been offered a job as a reference librarian in a branch of the Carnegie Library. She will start paying back her student loan in a matter of weeks. Did I mention how proud I am of her?
Anyway, onto the second part of my post: I have noticed that both my adult children (daughters, 24 and 20) have become much more cognizant of the economy and financial practices than I remember being at their ages. Both daughters have credit cards but pay them off each month; neither are able to save any money at the present, but at least they're not in debt (except for eldest dd's student loan).
Eldest daughter refused to buy a car and relies on public transportation; second daughter is following in her pattern. Eldest daughter is giving up her own apartment to move into a shared apartment, so that she can save money. Second daughter is preparing to return to college as a junior, and already has prepared and discussed with me her budget plan for the year. Dh and I pay for tuition and board, but she has to pay for everything else, i.e., clothes, books, entertainment, stuff for her student apartment.
Eldest dd has even asked dh and me about whether she should try to put something into a 401K or just focus on her student loan. We advised her to focus on the student loan.
Maybe it's just our kids, but dh and I feel that maybe the generation just now coming into the workforce will be more fiscally sane than previous generations. Maybe this new generation will realize the long-term value of debt reduction/elimination and LBYM. At least it's taken root in our daughters. Oh, and our ds17 is showing symptoms, too!
LadyPatriot
Dd has already been offered a job as a reference librarian in a branch of the Carnegie Library. She will start paying back her student loan in a matter of weeks. Did I mention how proud I am of her?
Anyway, onto the second part of my post: I have noticed that both my adult children (daughters, 24 and 20) have become much more cognizant of the economy and financial practices than I remember being at their ages. Both daughters have credit cards but pay them off each month; neither are able to save any money at the present, but at least they're not in debt (except for eldest dd's student loan).
Eldest daughter refused to buy a car and relies on public transportation; second daughter is following in her pattern. Eldest daughter is giving up her own apartment to move into a shared apartment, so that she can save money. Second daughter is preparing to return to college as a junior, and already has prepared and discussed with me her budget plan for the year. Dh and I pay for tuition and board, but she has to pay for everything else, i.e., clothes, books, entertainment, stuff for her student apartment.
Eldest dd has even asked dh and me about whether she should try to put something into a 401K or just focus on her student loan. We advised her to focus on the student loan.
Maybe it's just our kids, but dh and I feel that maybe the generation just now coming into the workforce will be more fiscally sane than previous generations. Maybe this new generation will realize the long-term value of debt reduction/elimination and LBYM. At least it's taken root in our daughters. Oh, and our ds17 is showing symptoms, too!
LadyPatriot