Parenting Information

Financially Stable Kids - Prepared for College


We are all familiar with the stories that most students have when they finally get through those last days of college. Their financial states are in ruins, with accumulated credit card debt along with the student loans. Grants and scholarships are indeed blessings, but the reality is that students cannot possibly survive on financial aid alone.

Most parents would love to send their kids to school. Unfortunately, many parents just do not have the funds necessary to pay for tuition, books, housing, and all the hidden costs that come with college. This does not mean your kids should stay away from college. It simply means that the financial planning starts now.

There are some basic strategies to follow in order to be in the best shape possible after college. The learning starts before college, the rewards will come after.

  • Get a part time job - in the chosen field. Most students find jobs to help out with the bills and to gain some spending money. The mistake many of them make is not finding a job in their future field of expertise. If a student is to go into banking, it would be wise for them to seek any job at a local bank.
  • Don't drive a fancy car. For whatever reason, many students want to go out and buy a new car. These cars also come standard with a brand new car payment that quickly eats up funds. Drive a reliable car that doesn't soak up cash.
  • Buy a house. This may sound a little scary for parents, but it is better than paying rent. A home is an asset that will appreciate over the four or five years while in school. Sell the home after school for a profit. Homes teach responsibility, and roommates can help pay the rent.
  • Maintain an accurate personal checking account. With online checking services, there is no reason to let it get out of control. If it gets out of control, get help fast. The bank can get you back on track for a small fee.
  • Start your own business. By starting a small business, students can learn valuable lessons in service and business administration. They'll have hours that work around the school schedule. It doesn't have to be complicated. Think out of the box in the field you like. A friend detailed cars on the weekends, his competitive advantage was going to them.

As described above, there are ways to help students from going into debt, while learning valuable lessons at the same time. Common sense rules the college finance game. It just takes creativity and initiative to make the most of it.

If you cannot help financially with your child's education, help them with careful planning. They will be better off, both financially, and professionally.

Robb Ksiazek is a successful author and publisher for Checks-4U.com. He believes that financial responsibility comes through education and smart decisions.


MORE RESOURCES:

Canada.com

Media exposure a challenge for parenting skills
Great Dad, California - 13 hours ago
It's possibly one of the thorniest challenges facing modern fathers looking for the best parenting advice - how to ensure your child manages to enjoy and ...
Smart Ways to Manage Kids’ TV, Music, and Web Time U.S. News & World Report
all 118 news articles


WAVY-TV

Beach schools to hold parenting forum
WAVY-TV, VA - 13 minutes ago
Parent Connection welcomes the first in a series of guest columnists who will offer insight, research, and commentary on all facets of parenting. ...


Learning Parenting 101: Better Late Than Never
Hartford Courant, United States - Dec 1, 2008
Welcome to Parenting 101, a two-part introduction to the fundamentals of effective child-rearing. Upon passing this course, which will conclude with next ...


Examiner.com

(ie San Francisco hiking, San Francisco parenting)
Examiner.com - 8 hours ago
by Justin Kemppainen, Minnesota Games Examiner Penny Arcade is just recently celebrating their tenth year of publication. They've done an incredible number ...


(ie San Francisco hiking, San Francisco parenting)
Examiner.com - 8 hours ago
by Ashia Sims, Atlanta Relationship Examiner Have you ever been in a relationship where things were very rosy? You spend a lot of time with each other. ...


(ie San Francisco hiking, San Francisco parenting)
Examiner.com - 8 hours ago
by Harmon Biehl, Miami Veterans Affairs Examiner Several articles ago I mentioned the length of time it takes for anything to get done with the VA Recently ...


Mothers welcomed to unique parenting support group
Curry County Reporter, OR - 53 minutes ago
Gold Beach MOPS meetings are being held on the second Tuesday of every month from 7- 9 pm at the Hound Dog house, located at First Baptist Church of Gold ...


Even In Hard Economic Times, Noted Parenting Expert Urges Couples ...
PR Web (press release), WA - Dec 2, 2008
"Couples who decide to delay marriage and child-bearing, don't fully comprehend the ramifications of their actions," according to parenting expert and ...


ENERGYPARENTING(R) is the Antidote to the ADHD/Ritalin Epidemic
MarketWatch - Dec 2, 2008
It is a new way to parent that upends existing parenting models by transforming challenging children without the need for medication. ...


Obama victory encourages parenting advice
Great Dad, California - 13 hours ago
And yet he's still an excellent parent who finds time for his daughters," he told the news provider. In a speech in Chicago this past Father's Day, ...

Parenting - Google News

home | site map
© 2006