Re: College Expenses
Personally if I were plannign on socking away thousands of dollars for my kids, I can think of better ways for them to spend it than on a piece of paper...but that might just be me.
Last night I was thinking about the 'entitlement' problem here in america, I caught a glimpse of a malaria concert in Africa (taught me something I thought it was a south american jungle disease, but anyway) How many people in America worry about that? only those traveling! Meaning in general those helping or those rich (or both) even the 'poor' (rememeber I qualify for that statement, silly) have it way better than in Africa.
I think it would be really good for my kids to travel, I think it would serve them better in adult life than a piece of paper. Having a 6 figure(or more) income isn't all that useful if you dont know how to spend it/ what you are gettting for it.
But then a time where I helped with the budget for my kids like the earlier example is also a useful lesson.
If my children want a piece of paper with a fancy seal on it, and if htey choose a proffession that requires it (Dr, lawyer) they have their savings to do with as they see fit (though loits of lessons will be/are being given to help them learn how to spend it)
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