This fall, my daughter is moving off campus with her friends. Of course, this process started in the spring, when they went on a waitlist for an apartment complex they wanted to live in.
When they reached the top of the list, they had 24 hours to accept the available unit … or drop back to the bottom of the waitlist. So yes, “we” started paying rent on May 20—three full months before she’ll actually move in.
And while those extra months of rent proved to be an unexpected expense, they were far from the only one students moving off campus face.
With college in the rear view mirror, many new grads may be thinking about the next phase of their lives—and how they can get around it in style.
A car may be a new, necessary expense if you’re entering the workforce. Borrowing your parents’ van can get old in a hurry. And, chances are, keys to a new Ferrari didn’t fall out of your graduation gift card from your grandmother. (Though that gift card to Target is perfectly nice too.)
If you are seriously thinking about stepping up to the plate to buy a new car, consider these four things before you do.
When it comes to new college grads, my generation is always good for passing along well-intended—but possibly less than stellar—advice (as Sasha pointed out last week).
I found Sasha’s post intriguing, not only because I’m a parent of college students who will eventually don a cap and gown, but also because I’ve hired interns. So, at the risk of providing even more unasked-for advice, here’s my two cents on the “worst advice” people told her.
Next time I ask one of my college-aged kids to fill my car with gas in exchange for borrowing it, I’ll think twice. The other day, one of my three (who shall remain nameless) had a minor scrape in my car by turning too sharply on the way home from filling my tank. What should have cost me about $75 in fuel—and saved me some time on my morning commute the next day—is now a $3000 problem, thanks to a few dents on the side of my car.
Award letter season is right around the corner. And with it, I’ve been thinking about what’s realistic for a family to contribute when paying for college—especially in this age of students suing parents for tuition.
My husband and I take an “oxygen mask” approach to our finances, i.e., we apply our own before assisting our children. In other words, if we couldn’t fund both equally, we’d allocate money to our retirement before our kids’ college tuitions, even if that meant not meeting the “expected” family contribution listed in an award letter.
You might dislike the idea of your parents thinking more about their own future than yours; however, it makes sense. Here are three reasons why.
As a parent, February used to mean fun vacations in Florida or the Rockies—when my middle-school kids didn’t have a care in the world. Now, with all three of them in college next fall, my February focuses on financial aid paperwork.
I miss the good old days.
In this season of Valentine’s Day, love is on the mind of many parents—especially if their kids are choosing a college based on where their boyfriend or girlfriend is going. These parents are freaking out, and I don’t blame them.
Plenty of lists on how NOT to choose your college usually include letting your heart make the choice. However, some emotion plays a part in almost every decision. If the emotion dominating your college choice is “love for a significant other,” though, remember to consider the following.
When the word “FAFSA” comes up among parents, there is normally a fair amount of eye rolling and sighing. “What a pain.” “It’s so confusing.” “Why bother—we probably won’t qualify.”
I agree that it can be a painful process; however, it’s an important one. If you and your family need help paying for college, you should maximize your financial aid chances, which the FAFSA lets you do.
So, clear your calendar and complete the FAFSA this week. I have some tips to help you get it done.
Are you considering renting an apartment or a house next fall? If so, you will need to consider a number of things—including how to convince your parents. This is especially true if you’ll need them to co-sign the lease.
I’ve signed a few leases myself for my son. And as a mom and a licensed real estate agent, I can tell you, you need to read the fine print! Here are nine things you may need to discuss with your parents before you sign.
The sprint between Thanksgiving and Christmas is quick. And for those college students who celebrated Thanksgivukkah, the gap between holidays this year was, well, no gap at all. This makes holiday gift buying a challenge.
If you still have gifts left to buy, you may feel challenged as to how to give creatively on a limited budget. The best gift to give your mom and dad this season is really just some of your time and conversation. But if you’ve bonded enough this year, here are a few other ideas.