@highjump The costs of providing a full 4 years to both my sister and me were more than they could afford and more than they estimated. There were really no negative feelings; I understood why they couldn't afford it even though it didn't make me particularly happy. On a side note- I also went to a state school. Though there were certainly less expensive state schools in my state I could have gone to.
This sounds exactly like me in college. My parents promised they would pay all 4 years until they cut me off the spring of my sophomore year, right after I had put down a hefty down payment for a study abroad trip. I ended up taking out 30k in federal loans and another 30k in private loans to fund my final 2 years of schooling. I took out more than I needed and spent money on things like purses, coats, etc. like you mentioned doing away with. And I ended up with quite a bit of credit card debt. I'm 8 years out of college now and am finally seeing the end of the pile of crud I got myself into. Good for you for being careful and recognizing that you'll need to cut back. It's certainly not easy. My private loans aren't too terrible- just make sure you read the fine print and compare interest rates. Good luck :)
@ATF I second Ann Arbor. With the exception of the oceans and mountains. BUT the Great Lakes are basically freshwater oceans and the upper peninsula has the Porky Pine Mountains which aren't exactly mountains, but still!
I had the same immediate reaction to the suggestion of a pre-nup! I was pretty annoyed and hurt. Then my now husband said that he wanted one because of the way we do our retirement savings. Pretty much all of our retirement is in his name, through his job. And he reminded me that if we ever did get divorced, I'd have next to nothing in that realm, and he'd have enough to support two people. We actually never got a pre-nup, but I never thought of it in a way that it's not necessarily the money we have NOW, but the money we'll have in the future that's important too!
@bgprincipessa Haha the same thing happened to me
Thank you for your AmeriCorps service!
I'm a young boss. Well technically I'm 27 year old program director who oversees compliance on a federal AmeriCorps grant that is awarded to organizations throughout my state. I guess that doesn't technically make me young or a boss in terms of the article cited, but I'm going to give my two cents anyway. It's my responsibility to ensure that the organizations we fund have the opportunity to receive AmeriCorps members in the upcoming years. I manage a hefty grant, it takes a lot of work and it means that I have to tell executive directors or senior staff when they're doing things wrong (and right!). It's not always easy, and they often don't want to listen to me or want to go over my head to make sure I'm not providing them incorrect information. No one wants to look up the federal regulations themselves, but no one wants to believe me when I tell them I know the answer ha! I think my age has something to do with it. I will say, I've been doing this since I was 23 and now that I'm a little older, it has gotten better. Or I'm now working with more respectful people, I'm not sure which. On another note, the other day at a compliance visit, one of the AmeriCorps members mentioned something negative about someone in the office and chocked it up to it being the product of the other, younger person's generation. I thought that was extremely rude and insulting to me. The person in question is probably 2 years younger than me.
Very well-written and interesting! And thank you for your AmeriCorps service!
@AitchBee When I was in college, I was a few hundred dollars short of paying my rent. I went to my credit union to ask for a small loan (where I was a member). They wouldn't give me a loan but instead told me to sign up for a credit card and take a cash advance on that card. Obviously this is a TERRIBLE idea. And that's a credit union, who are supposedly the "nice guys" of banking. I'm not saying that I shouldn't have been smarter than to fall for this, but I was 19 years old, afraid of what would happen if I couldn't make rent and I took the bait. I don't know what the solution is, but stopping that kind of behavior is a good start. It's possible that the credit union didn't realize that this was going to be a terrible life choice for me. Maybe the starting point is educating high school students about what money really is. And then taking it a step farther and requiring a class for anyone taking out a student loan.
@polka dots vs stripes I'm with you on this! There are so many amazing cities in the U.S.! I'm struggling with the idea of moving to a city where I know that the housing prices will be about double what they are in my small Midwest city right now! I can't imagine triple that! What's the point of living in an amazing city if you can't afford to spend some money on checking it out?