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re: 22 year old blows 90k for college, blames Parents

Posted on 7/17/15 at 9:48 am to
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
34061 posts
Posted on 7/17/15 at 9:48 am to
I blame a little bit on parenting here. I blame a lot on our education system by not teaching these kids anything about personal finance in high school.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120410 posts
Posted on 7/17/15 at 9:49 am to
Colleges are more interested in teaching social justice than money management
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
83953 posts
Posted on 7/17/15 at 9:56 am to
quote:

I blame a little bit on parenting here. I blame a lot on our education system by not teaching these kids anything about personal finance in high school.


Agreed, though she should shoulder most of the blame for obvious reasons.

I also blame colleges for their disgusting high tuition costs that aren't justified by the value they provide in the market.
Posted by LSUlefty
Youngsville, LA
Member since Dec 2007
26479 posts
Posted on 7/17/15 at 10:11 am to
quote:

I blame a little bit on parenting here. I blame a lot on our education system by not teaching these kids anything about personal finance in high school.


See, this is what's wrong with this country. Take responsibility and quit blaming others for your problems!
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92877 posts
Posted on 7/17/15 at 10:48 am to
quote:

I blame a little bit on parenting here. I blame a lot on our education system by not teaching these kids anything about personal finance in high school.


I blame them both equally but I agree it's messed up that a lot of kids have to face the world not knowing how things like credit work. For example in college I had a ton of money and also had a credit card. Well I would use it for stuff and just pay it off every 3 months or so because I didn't care about late fees and I thought they would like getting extra money, I had no clue about lates on a credit report. I fricked my credit for years over lates on a tiny credit card while I had over 6 figures in the bank for most of that time
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16479 posts
Posted on 7/17/15 at 11:46 am to
quote:

I blame a little bit on parenting here. I blame a lot on our education system by not teaching these kids anything about personal finance in high school.


It's simple math... You have X amount to spend over a 4 year period. If she can't figure that out she has no business being in college to begin with.
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