TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 27,120
Mini-Profile Name Color: e619e6
|
Post by TheOtherMe on May 26, 2019 15:41:42 GMT -5
The credit union where I had my car loan only had a $5 savings account requirement.
My regular credit union has a $25 savings account requirement.
My pension only allows a certain number of distributions for the direct deposit. My limit is 3. When I did that, I was at the limit. I now use 2.
I am an anal accountant and check my bank accounts once a month, so that wasn't an issue for me. I'm also a spreadsheet person in tracking loans and credit cards, so that wasn't an issue.
I did end up paying it off a couple of months early just to be done with the loan when I got a large sized tax refund.
|
|
Artemis Windsong
Senior Associate
The love in me salutes the love in you. M. Williamson
Joined: Dec 18, 2010 19:32:12 GMT -5
Posts: 12,309
Today's Mood: Twinkling
Location: Wishing Star
Favorite Drink: Fresh, clean cold bottled water.
|
Post by Artemis Windsong on May 26, 2019 15:57:58 GMT -5
I can now see my passive barriers and question them. The one I have now is the bird bath that was dirty and empty until the recent rain. When I'm a good bird bath mom, it's cleaned regularly. It's not like my bird bath is the only watering place. What bothers me is in the winter months for bird water; where they get it.
|
|
NastyWoman
Senior Associate
Joined: Dec 24, 2010 20:50:37 GMT -5
Posts: 14,319
|
Post by NastyWoman on May 27, 2019 11:51:46 GMT -5
Oddly, growing up I felt like college was opt-out. My parents never really presented any alternatives. I was so curious when i met someone who went straight from high school to a full time job. How did they do that (I know - I am a douchebag) but, I'm glad that happened, because I hated school and i would be in a much, much different place if I had been given options. Your parents were nicer than I am. I bever even gave the impression that college was opt-out. That was the minimum I expected from my sons. One hated school yet finished, but I don't believe he wil ever take a formal class again. It is just not his thing -> too many constraints. The other one loved it. He too graduated and he will never stop studying. Teo little boys of his own now restrict the time for classes but you should see his Xmas wish lists
|
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,372
|
Post by thyme4change on May 28, 2019 8:34:16 GMT -5
Oddly, growing up I felt like college was opt-out. My parents never really presented any alternatives. I was so curious when i met someone who went straight from high school to a full time job. How did they do that (I know - I am a douchebag) but, I'm glad that happened, because I hated school and i would be in a much, much different place if I had been given options. Your parents were nicer than I am. I bever even gave the impression that college was opt-out. That was the minimum I expected from my sons. One hated school yet finished, but I don't believe he wil ever take a formal class again. It is just not his thing -> too many constraints. The other one loved it. He too graduated and he will never stop studying. Teo little boys of his own now restrict the time for classes but you should see his Xmas wish lists I am not sure I thought it was opt-out either. I always thought I was going to not graduate college like I was going to not grad6high school. That was never a thought. But now I realize that once you are 18, your parents can't force you to do anything. They were not going to kidnap me and drive me to college and stand in the back and watch me learn. And i doubt you would either. After discussion, guilt and disownment, if an adult doesn't want to finish college, there is much a reasonable parent can do about it.
|
|
Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
|
Post by Miss Tequila on Jun 3, 2019 13:00:19 GMT -5
Oddly, growing up I felt like college was opt-out. My parents never really presented any alternatives. I was so curious when i met someone who went straight from high school to a full time job. How did they do that (I know - I am a douchebag) but, I'm glad that happened, because I hated school and i would be in a much, much different place if I had been given options. Your parents were nicer than I am. I bever even gave the impression that college was opt-out. That was the minimum I expected from my sons. One hated school yet finished, but I don't believe he wil ever take a formal class again. It is just not his thing -> too many constraints. The other one loved it. He too graduated and he will never stop studying. Teo little boys of his own now restrict the time for classes but you should see his Xmas wish lists Isn't that part of why college is so expensive now and there are so many people with degrees for low-level jobs? Don't get me wrong, I am not ok with a child just coasting in life, but I'm a landlord and I know what I pay the trades in my lcola. I think parents force their kids into taking on a ton of a school debt by pressuring them when some might be better suited to a career in the trades.
|
|
gs11rmb
Senior Member
Joined: Dec 21, 2010 12:43:39 GMT -5
Posts: 3,299
|
Post by gs11rmb on Jun 3, 2019 13:35:48 GMT -5
Your parents were nicer than I am. I bever even gave the impression that college was opt-out. That was the minimum I expected from my sons. One hated school yet finished, but I don't believe he wil ever take a formal class again. It is just not his thing -> too many constraints. The other one loved it. He too graduated and he will never stop studying. Teo little boys of his own now restrict the time for classes but you should see his Xmas wish lists Isn't that part of why college is so expensive now and there are so many people with degrees for low-level jobs? Don't get me wrong, I am not ok with a child just coasting in life, but I'm a landlord and I know what I pay the trades in my lcola. I think parents force their kids into taking on a ton of a school debt by pressuring them when some might be better suited to a career in the trades. I was chatting with a friend about this a few months ago. We both think it's terrible that kids are being forced to go to college when they'd be so much better off going to trade school. I followed that up by saying "but not my kid" and she said "nor mine"!. I want my children to have at least an undergraduate degree but "other" children should be encouraged to go into the trades. Yes, I can see the problem with my thought process...
|
|
souldoubt
Senior Member
Joined: Jan 4, 2011 11:57:14 GMT -5
Posts: 2,745
|
Post by souldoubt on Jun 3, 2019 13:43:42 GMT -5
As far as young adults go I like the saying I heard/read from someone else - enrolled, employed, enlisted or evicted. I graduated in 2005 and came across too many people in college who were just going through the motions because their parents expected them to and they picked up the tab. Ran into a few guys I want to high school with that I was somewhat surprised to see there. Not because I didn't think they weren't capable of going to college rather they never expressed interest. Both got their degrees and ended up working at a local health food store where they just as easily could have started working at straight out of high school. To each their own but to Miss T's point with the emphasis on needing a college degree it's led to people going who didn't want to or in the end need to. I remember in the late 90's my grandfather pointing out they should have trade schools starting for 16-17 year old kids. I knew too many people who had zero interest in sitting through English reading Shakespeare and it showed when many of them didn't end up graduating. Read about a school in the area a few years ago which turned their auto class into a program that helps place kids in jobs and it's been very successful. I'd love to see more programs like that.
|
|
hoops902
Senior Associate
Joined: Dec 22, 2010 13:21:29 GMT -5
Posts: 11,978
|
Post by hoops902 on Jun 3, 2019 14:10:03 GMT -5
Isn't that part of why college is so expensive now and there are so many people with degrees for low-level jobs? Don't get me wrong, I am not ok with a child just coasting in life, but I'm a landlord and I know what I pay the trades in my lcola. I think parents force their kids into taking on a ton of a school debt by pressuring them when some might be better suited to a career in the trades. I was chatting with a friend about this a few months ago. We both think it's terrible that kids are being forced to go to college when they'd be so much better off going to trade school. I followed that up by saying "but not my kid" and she said "nor mine"!. I want my children to have at least an undergraduate degree but "other" children should be encouraged to go into the trades. Yes, I can see the problem with my thought process... I would say that part of the problem is "forcing" kids to go anywhere (not that they can really be forced if they're adults legally allowed to make their own decisions). It's parents "forcing" kids, and kids not being mature enough to keep from getting "forced". It feels like society as a whole is simultaneously having kids grow up too fast on the one hand, and stunting their maturity by having parents helicopter over them even longer on the other.
|
|
Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
|
Post by Miss Tequila on Jun 3, 2019 14:17:39 GMT -5
Isn't that part of why college is so expensive now and there are so many people with degrees for low-level jobs? Don't get me wrong, I am not ok with a child just coasting in life, but I'm a landlord and I know what I pay the trades in my lcola. I think parents force their kids into taking on a ton of a school debt by pressuring them when some might be better suited to a career in the trades. I was chatting with a friend about this a few months ago. We both think it's terrible that kids are being forced to go to college when they'd be so much better off going to trade school. I followed that up by saying "but not my kid" and she said "nor mine"!. I want my children to have at least an undergraduate degree but "other" children should be encouraged to go into the trades. Yes, I can see the problem with my thought process... ha! I have a daughter so I never really considered her for trades (don't flame me!) but she was also very book smart and not very mechanically inclined. But my ex started in HVAC in his very early 20s (I believe he was 21 or so) and he was pulling in $60k by 25 when we got married (nearly 25 years ago). He moved over to energy controls/management probably 15 years ago or so and his salary rivaled mine up until a few years ago. And his job made him much happier than mine made me. I do think if I had a son that showed any interest in trades I would at least try to foster his interest. It kills me to see so many kids wind up so far in debt to go to college...to make less money than my trades people get paid!
|
|
NastyWoman
Senior Associate
Joined: Dec 24, 2010 20:50:37 GMT -5
Posts: 14,319
|
Post by NastyWoman on Jun 3, 2019 14:25:06 GMT -5
Your parents were nicer than I am. I never even gave the impression that college was opt-out. That was the minimum I expected from my sons. One hated school yet finished, but I don't believe he wil ever take a formal class again. It is just not his thing -> too many constraints. The other one loved it. He too graduated and he will never stop studying. Two little boys of his own now restrict the time for classes but you should see his Xmas wish lists Isn't that part of why college is so expensive now and there are so many people with degrees for low-level jobs?
Don't get me wrong, I am not ok with a child just coasting in life, but I'm a landlord and I know what I pay the trades in my lcola. I think parents force their kids into taking on a ton of a school debt by pressuring them when some might be better suited to a career in the trades. I don't know they were both in the C-suite in their early 30s. Now to be fair DS2 voluntarily stepped out of that role after a few years because he really did not like the management aspect of his work → he is a "code monkey", albeit it a very good one, at heart...
|
|
|
Post by The Walk of the Penguin Mich on Jun 3, 2019 14:29:01 GMT -5
I struggle with my car payments. My car loan is with a local credit union because they offer great rates. But they are old fashioned and it's difficult to set up online payments with them, particularly if you don't bank with them. I bank with my employer, and only have the car loan with the CU, and making transfers from another institution is a PITA. Every time you call the CU to fix something, or change something, the answer is that they can't do it on the phone and you need to go to a branch. Of course, they have very few branches and none of them is convenient for me. I have tried to set up transfers for the loan a couple of times and failed miserably. I have given up and send them a paper check every month. I hate sending paper checks. One of the many reasons I want the car note gone, but financially it doesn't make sense to pay it off early. Here’s how I solved that challenge: DH’s employer will split a direct deposit pay check to multiple banks/CU. So, I have part of his check go to one bank and the other part go to the CU that has our mortgage and car loans. Then, I’m able to set up automatic payments for the loans. When I was trying to pay the money to the provider for my prescription insurance, I tried to set up my bank to send them the $31/mo so that I didn't have to do it. My bank did that, but the company took their own sweet time in crediting my account. In April, after my bank had sent them 4 checks (they didn't have ACH transfer) I got a letter from them telling me I was behind in my payments. I checked with USAA, and USAA had sent out 4 payments, but the checks were not cashed (they had to send them out a paper check). I got pissed off and sent the company a check for 8 x $31 for the rest of the year, giving them a full 8 more months to find and cash the 4 checks USAA sent them. The following year, I just sent them a payment for the whole year and was done with it. Long story short, Ava.....I'd try setting up automatic payments with your bank and see if that works.
|
|
|
Post by The Walk of the Penguin Mich on Jun 3, 2019 14:33:54 GMT -5
I was chatting with a friend about this a few months ago. We both think it's terrible that kids are being forced to go to college when they'd be so much better off going to trade school. I followed that up by saying "but not my kid" and she said "nor mine"!. I want my children to have at least an undergraduate degree but "other" children should be encouraged to go into the trades. Yes, I can see the problem with my thought process... I would say that part of the problem is "forcing" kids to go anywhere (not that they can really be forced if they're adults legally allowed to make their own decisions). It's parents "forcing" kids, and kids not being mature enough to keep from getting "forced". It feels like society as a whole is simultaneously having kids grow up too fast on the one hand, and stunting their maturity by having parents helicopter over them even longer on the other. My sister is dealing with this with her youngest. She graduates next month.....just barely. This is in comparison to her 3 older siblings who have each gone into college with almost a year of college credit under their belt before they started. I don't know what they are going to do. She did not get accepted into the easiest college in the area and my sister was glad of it. My niece does absolutely nothing to apply herself. However, even if she goes into the trades, my niece is still going to have to apply herself and unless she does, even training for that is going to be a waste. Glad I am watching from the sidelines, I don't want to be anwhere around her where she could possibly wind up in my basement!
|
|
gs11rmb
Senior Member
Joined: Dec 21, 2010 12:43:39 GMT -5
Posts: 3,299
|
Post by gs11rmb on Jun 3, 2019 14:43:52 GMT -5
|
|
cktc
Senior Member
Joined: Mar 19, 2013 22:15:31 GMT -5
Posts: 3,202
|
Post by cktc on Jun 3, 2019 14:48:03 GMT -5
Trades are definitely not for everyone, just as college isn't. There is this romanticism to getting your hands dirty, putting in a hard days work, and making 2x what college educated peers are, but there is so much more risk involved, and they don't always offer the flexibility and job security one would expect. Take hairstylists for instance, they can do pretty well at a salon, strike out on their own and do fabulously well, but then try to relocate one too many times and they lose the ability to keep building clientele. I mean, most professions reward job hopping, have to relocate for your spouse, it might take a bit, but you will find something, but most people won't even travel 30 minutes to keep seeing a hairdresser. Then once you've gone off on your own its hard to get back into a salon because owners aren't going to trust you.
I think if I had to choose between an office job with benefits for $40k and a trade for $70k the office job would win 95% of the time. I'd have to be really passionate about a trade or have a really good fallback to throw all my eggs in one basket like that.
|
|
hoops902
Senior Associate
Joined: Dec 22, 2010 13:21:29 GMT -5
Posts: 11,978
|
Post by hoops902 on Jun 3, 2019 15:00:01 GMT -5
That article doesn't do a great job of understanding the inherent issue of self-selection IMO though. If you get a bachelor's degree overall you make 57% more than those with a HS degree. That's not necessarily proof that "you should go to college, you'll make more money". At a high level...yes...jobs which pay very well might require that you go to college. So there's a lot of self-selection happening. Want to be a doctor? Better go to college. Want to be an engineer? Better go to college. In the current environment though, we've done a lot of shoving anyone/everyone with any potential into college...so it may not be that going to college means you earn more, it might just as easily mean that those who are motivated to earn more are more likely to choose to go to college. It's causality vs correlation to some extent. So yes, it's a fine predictor, that isn't the same as causal. We've also in this study lumped in "you went into the trades and have no associates degree at all" with "you have zero motivation and have no job or a minimum wage job". Ultimately though, we should actually expect that if people took "my" advice, we might actually even see the gap widen. If we took a bunch of people who went to college but had no business being there...and who likely ended up with lower pay compared to their group...they went to college and likely racked up a bunch of debt and still aren't making much money. If they didn't go to college you would see those who DID go to college move up in average...and you might also see the group who didn't go to college move in one way or the other...but those folks wouldn't have that crushing debt they can't pay off with a mediocre job that didn't require college. I don't think this is a macro issue so much as it is a micro one. College is fine...the problem is "forcing" kids to go there who on an individual level aren't ready to go there, shouldn't ever be there, have no interest in being there, etc. This article might as well have been "Being in the NBA will make you taller, look at the average height of NBA players vs people who are not in the NBA". There's correlation, and almost definitely even causality...but the causality may not run in the direction being portrayed. Does college mean you make that much more money? Or are those on a path to make more money more likely to go to college than others? Not to mention the net effect of student debt (or the fact that in the current environment society is essentially pushing anyone/everyone with the ability to get into college to go there...meaning currently we are left with a non-college population that's going to be heavily leaning toward...unmotivated individuals?).
|
|
hoops902
Senior Associate
Joined: Dec 22, 2010 13:21:29 GMT -5
Posts: 11,978
|
Post by hoops902 on Jun 3, 2019 15:05:54 GMT -5
Trades are definitely not for everyone, just as college isn't. There is this romanticism to getting your hands dirty, putting in a hard days work, and making 2x what college educated peers are, but there is so much more risk involved, and they don't always offer the flexibility and job security one would expect. Take hairstylists for instance, they can do pretty well at a salon, strike out on their own and do fabulously well, but then try to relocate one too many times and they lose the ability to keep building clientele. I mean, most professions reward job hopping, have to relocate for your spouse, it might take a bit, but you will find something, but most people won't even travel 30 minutes to keep seeing a hairdresser. Then once you've gone off on your own its hard to get back into a salon because owners aren't going to trust you. I think if I had to choose between an office job with benefits for $40k and a trade for $70k the office job would win 95% of the time. I'd have to be really passionate about a trade or have a really good fallback to throw all my eggs in one basket like that.I think the ones we need to target are the ones who are going to go to 4 years of school but don't want to be there, take on a bunch of debt, and then go be a hairdresser/plumber/etc and essentially not use their college degree at all (they could perhaps, running a business, etc...I'm talking about the ones who don't). Or if you want an office job for $40k, do you NEED a 4-year degree for that? It's kind of the YM mantra in general right? Invest where you get a good return. Don't take on debt that doesn't actually get you something worthwhile in return.
|
|
Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
|
Post by Miss Tequila on Jun 3, 2019 15:18:24 GMT -5
Trades are definitely not for everyone, just as college isn't. There is this romanticism to getting your hands dirty, putting in a hard days work, and making 2x what college educated peers are, but there is so much more risk involved, and they don't always offer the flexibility and job security one would expect. Take hairstylists for instance, they can do pretty well at a salon, strike out on their own and do fabulously well, but then try to relocate one too many times and they lose the ability to keep building clientele. I mean, most professions reward job hopping, have to relocate for your spouse, it might take a bit, but you will find something, but most people won't even travel 30 minutes to keep seeing a hairdresser. Then once you've gone off on your own its hard to get back into a salon because owners aren't going to trust you. I think if I had to choose between an office job with benefits for $40k and a trade for $70k the office job would win 95% of the time. I'd have to be really passionate about a trade or have a really good fallback to throw all my eggs in one basket like that.I think the ones we need to target are the ones who are going to go to 4 years of school but don't want to be there, take on a bunch of debt, and then go be a hairdresser/plumber/etc and essentially not use their college degree at all (they could perhaps, running a business, etc...I'm talking about the ones who don't). Or if you want an office job for $40k, do you NEED a 4-year degree for that? It's kind of the YM mantra in general right? Invest where you get a good return. Don't take on debt that doesn't actually get you something worthwhile in return. There was a guy that graduated two years before me. His parents insisted he was going to college. He went and got a degree in Accounting (parents pushed). He graduated and then followed his passion...construction. His parents did pay for his education so at least it didn't cost him anything other than lost wages for the years he could have been building experience. The guy that I use for inspections was also forced into college. He wanted to follow his father and go into construction (father is a builder of higher end homes) but his father insisted he had to get a degree and get "a real job" before he made that decision. He got a teaching degree, hated teaching and two years later went into construction. He is also doing quite well for himself (based on what he charges!) I admit that I do not think that hairdressers have the same potential as other trades. While there are some successful ones, the bulk of them are not making what electricians, HVAC or plumbers are making. So no, I would not encourage my child to become a hairdresser but wouldn't think twice about some of the other trades.
|
|
Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
|
Post by Miss Tequila on Jun 3, 2019 15:22:30 GMT -5
Trades are definitely not for everyone, just as college isn't. There is this romanticism to getting your hands dirty, putting in a hard days work, and making 2x what college educated peers are, but there is so much more risk involved, and they don't always offer the flexibility and job security one would expect. Take hairstylists for instance, they can do pretty well at a salon, strike out on their own and do fabulously well, but then try to relocate one too many times and they lose the ability to keep building clientele. I mean, most professions reward job hopping, have to relocate for your spouse, it might take a bit, but you will find something, but most people won't even travel 30 minutes to keep seeing a hairdresser. Then once you've gone off on your own its hard to get back into a salon because owners aren't going to trust you. I think if I had to choose between an office job with benefits for $40k and a trade for $70k the office job would win 95% of the time. I'd have to be really passionate about a trade or have a really good fallback to throw all my eggs in one basket like that.I think the ones we need to target are the ones who are going to go to 4 years of school but don't want to be there, take on a bunch of debt, and then go be a hairdresser/plumber/etc and essentially not use their college degree at all (they could perhaps, running a business, etc...I'm talking about the ones who don't). Or if you want an office job for $40k, do you NEED a 4-year degree for that? It's kind of the YM mantra in general right? Invest where you get a good return. Don't take on debt that doesn't actually get you something worthwhile in return. I look at my niece (I've told her story on here many of times). She is my ex's side of the family and none of them have beyond a certificate from the local community college. She was told from a fairly young age that she had to go to school. She just assumed she had to in order to get a job. She majored in marine biology...we live in a landlocked state and she is not moving. She graduated with $50k in student load debt and she is now 9 years out of school and works in the billing office of a local hospital. She did not need a degree for what she is doing. I think a student loan application should include a quasi-business plan explaining the cost/benefit of the degree.
|
|
chapeau
Well-Known Member
Joined: Jan 17, 2013 10:50:04 GMT -5
Posts: 1,649
|
Post by chapeau on Jun 3, 2019 15:26:05 GMT -5
My DSS started out in votech in high school to be an electrician. He’s great at it. He’s been out of school for 3 years and is doing very well. Him not wanting to go to college didn’t even make us blink. He’s always been a very hard worker, builds stuff for fun, and is very well suited for a trade. DSD, on the other hand, wants to go to cosmetology school. She’ll be 18 about 2 weeks after she starts her senior year in high school, and she is planning to get an engagement ring for her birthday. DH already told her he’s not going to give his blessing if her boyfriend asks him (I’d love to be there for that conversation, frankly). While we’re not sure a four-year degree is right for her, we want her to want more for herself than being married with a kid or two before she can legally drink. If we thought she really wanted to be a hairdresser or beautician, it would be fine, but until she started dating this guy she couldn’t wait to go away to college. DH can’t talk to her about it without yelling and making irrational threats (like not giving his blessing. Seriously? That and $5 will get her a cup of coffee. Oh, and make her think she has to stay in a marriage that isn’t working because she can’t support herself and thinks we won’t help her. Grr) Her mom thinks getting married with only a high school diploma is fine (yeah, cause that worked out so well for you and DH?).
Are you sure we can’t kidnap her and ship her out of state until she grows up?
|
|
souldoubt
Senior Member
Joined: Jan 4, 2011 11:57:14 GMT -5
Posts: 2,745
|
Post by souldoubt on Jun 3, 2019 15:30:39 GMT -5
Trades are definitely not for everyone, just as college isn't. There is this romanticism to getting your hands dirty, putting in a hard days work, and making 2x what college educated peers are, but there is so much more risk involved, and they don't always offer the flexibility and job security one would expect. Take hairstylists for instance, they can do pretty well at a salon, strike out on their own and do fabulously well, but then try to relocate one too many times and they lose the ability to keep building clientele. I mean, most professions reward job hopping, have to relocate for your spouse, it might take a bit, but you will find something, but most people won't even travel 30 minutes to keep seeing a hairdresser. Then once you've gone off on your own its hard to get back into a salon because owners aren't going to trust you. I think if I had to choose between an office job with benefits for $40k and a trade for $70k the office job would win 95% of the time. I'd have to be really passionate about a trade or have a really good fallback to throw all my eggs in one basket like that.I think the ones we need to target are the ones who are going to go to 4 years of school but don't want to be there, take on a bunch of debt, and then go be a hairdresser/plumber/etc and essentially not use their college degree at all (they could perhaps, running a business, etc...I'm talking about the ones who don't). Or if you want an office job for $40k, do you NEED a 4-year degree for that? It's kind of the YM mantra in general right? Invest where you get a good return. Don't take on debt that doesn't actually get you something worthwhile in return. There was an article talking about this a week or two ago I wish I could find discussing the underemployment of college grads. There was definitely a trend when you looked at the degrees people received. There's nothing wrong with getting a degree in one of the fields that doesn't necessarily pay well if it leads you to what you want to do. The issue is running up debt to get said degree when the return isn't there. I think for too long we heard "you have to get a degree because college grads make $___ more" but at least when I was starting college in 2000 I don't recall too many of those discussions talking about what degree you received. Not like I blame anyone for that and maybe my memory is off but it was kind of taken as a given that getting a degree meant you were better off financially.
|
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,372
|
Post by thyme4change on Jun 3, 2019 15:35:10 GMT -5
I feel the same way about Charter Schools. Working out great for my kids, but puts so many kids at risk.
|
|
hoops902
Senior Associate
Joined: Dec 22, 2010 13:21:29 GMT -5
Posts: 11,978
|
Post by hoops902 on Jun 3, 2019 15:59:11 GMT -5
I feel the same way about Charter Schools. Working out great for my kids, but puts so many kids at risk. In what way (I know nothing about Charter Schools).
|
|
hoops902
Senior Associate
Joined: Dec 22, 2010 13:21:29 GMT -5
Posts: 11,978
|
Post by hoops902 on Jun 3, 2019 16:06:39 GMT -5
I think the ones we need to target are the ones who are going to go to 4 years of school but don't want to be there, take on a bunch of debt, and then go be a hairdresser/plumber/etc and essentially not use their college degree at all (they could perhaps, running a business, etc...I'm talking about the ones who don't). Or if you want an office job for $40k, do you NEED a 4-year degree for that? It's kind of the YM mantra in general right? Invest where you get a good return. Don't take on debt that doesn't actually get you something worthwhile in return. There was an article talking about this a week or two ago I wish I could find discussing the underemployment of college grads. There was definitely a trend when you looked at the degrees people received. There's nothing wrong with getting a degree in one of the fields that doesn't necessarily pay well if it leads you to what you want to do. The issue is running up debt to get said degree when the return isn't there. I think for too long we heard "you have to get a degree because college grads make $___ more" but at least when I was starting college in 2000 I don't recall too many of those discussions talking about what degree you received. Not like I blame anyone for that and maybe my memory is off but it was kind of taken as a given that getting a degree meant you were better off financially. There's a lot of issues with the macroeconomics of a situation, and then trying to parse that down to making a microeconomic decision. At the macro level, you will make more money with a degree. Very few people bother to stop to think about, and certainly don't have the resources to figure out, whether that's simply a correlation or a causation. At the micro level, it SHOULD be easier. What do you want to do with your life? What job path do you think you'd likely take if you had no degree? What job path do you think you'd likely take if you had a degree? Obviously this is somewhat difficult for many people...part of what college does for so many is that it helps you find your path (we don't have a great way of doing that today, which is another topic, but is important to helping kids make good decisions). I liken this a lot to the discussion of whether you should DCA your money or not if you had a big sum. On a macro level...no...you should not...you'll make more not doing it. On a micro level though...if 51% of people will double and 49% will lose it all...macroeconomics says to do it because the net return is +. Individually though, I'm not ok with a 49% chance of losing all my money. You shouldn't always make microeconomic decisions based on macroeconomic conditions.
|
|
countrygirl2
Senior Associate
Joined: Dec 7, 2016 15:45:05 GMT -5
Posts: 16,836
|
Post by countrygirl2 on Jun 3, 2019 19:01:56 GMT -5
My husband sure lucked out. He had no education beyond high school and did poorly in high school. I don't know what happened along the way but he worked for one of the biggest international construction companies in the world and just kept moving up. Even he admitted he went way beyond any expectations, ended up making 6 figures. We were sure happy because with me having had to quit work way early we sure could have ended up poor. One of his first supervisors that started promoting him thought so much of him, he asked for hubs to be a pall bearer at his funeral. Sadly hubs was overseas at the time and he could not. He was and is very well liked, I'm so proud of him.
Our life turned out wonderful for him and for me too. We must have done something right.
And son ended up with a degree, he had to want and had to work for. It really means something to him since he did it all on his own. We are so proud of him.
DIL has some issues, but we don't live near them so its ok. It might be a problem if we lived close but we don't see them often and don't stay long. Our trip up will be 4 days and back with little grandson. Hubs will likely take him back by himself.
Life is good.
|
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,372
|
Post by thyme4change on Jun 3, 2019 22:25:58 GMT -5
I feel the same way about Charter Schools. Working out great for my kids, but puts so many kids at risk. In what way (I know nothing about Charter Schools). Charter schools are supposed to follow all the rules that public school - educate everyone who comes to them, regardless of disability or behavior problems, but they don't. They just find a way to kick out any kids who are difficult to educate, and keep all the ones that are performing. And then they brag about their great numbers. Easy to do when you take all the kids that tested high to begin. And kids who need a little extra are bounced to district schools, often mid-year. District schools are tasked with getting those kids caught up, with the same monetary resources per student as the charter schools. The goods news is my kid gets to go to a cool school, that is void of kids who cause trouble and raises funds to have extras for their students. Mean while, it is important for all schools to market themselves and compete for good students, so district schools have gotten creative, and that is cool. They also opened enrollment to out of district students. This has caused some district schools to suck all the good students from other schools - essentially making bad schools worse. A kid like mine has parents who will get him to an out of district school - transportation and paperwork. A kid that doesn't have that support will have to go to the district school, even if it is sub-par. I suspect the situation works very well for the upper half, and a handful of people in the lower half, and maybe the rest are only in a situation as bad as before charters. Maybe. I don't know. The numbers are contradictory and debatable.
|
|
stillmovingforward
Senior Member
Hanging on by a thread
Joined: Jan 1, 2014 21:52:58 GMT -5
Posts: 3,066
Today's Mood: Don't Mess with Me!
Location: Not Sure Yet
|
Post by stillmovingforward on Jun 4, 2019 22:07:53 GMT -5
I'm all for trade schools. But one thing to remember is how hard trade work is as you get older. My DH is very skilled trade. He will not make it to retirement age as he is starting to struggle walking. He also has never had good benefits. Great pay, crap benefits. I can work until I'm 70 if I want, my job is that easy. He'll be lucky to see 58.
|
|
TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 27,120
Mini-Profile Name Color: e619e6
|
Post by TheOtherMe on Jun 5, 2019 7:54:15 GMT -5
My 85 year old uncle is still working construction part-time. He says he would be bored if he didn't work. He worked for the same small family business most of his adult life and they let him. They do have some rules about what he can and can't do.
He stayed working well past retirement age because he said my aunt would work him harder than his boss did. He was right about that. He did stop working while taking care of her before she died. A few weeks after she died, he was back working.
He is no longer allowed on ladders, etc.
|
|
nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,580
|
Post by nidena on Jun 14, 2019 8:41:57 GMT -5
Here’s how I solved that challenge: DH’s employer will split a direct deposit pay check to multiple banks/CU. So, I have part of his check go to one bank and the other part go to the CU that has our mortgage and car loans. Then, I’m able to set up automatic payments for the loans. That is what I did when I had my car loan with a different credit union than my normal credit union. I only sent a few more dollars a month there than the car payment. I actually rounded up to the nearest dollar amount, for example my payment was $233.23. I sent $235 to the credit union and had the automatic payment set up for the car loan. It's paid off now, but no way was I paying off a loan at 1.9% early. I do this. My car loan is with a credit union and has a payment of $408.35. From my bank, I've set up online billpay to transfer $409 to the CU savings account at the beginning of each month. At the end of each month, they pull the payment from the savings account to the loan. I get, maybe .01 interest each month but I still have many months of payments to go so...
|
|