Saving For College? Put Your Kids To Work
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The article "Saving for college? Put your kids to work" is about family, it has been written by Teve Torbes.
If your kids are approaching college age, you're probably
starting to guess about how you're going to pay for it.
Most
parents don't start doing much until in the few years before
college - which is often too late. So how can you pay for those
huge college expenses? One partial soultion is to get your kids
to help out as much as they can.
There are lots of ways to do this.
First and foremost is getting
a job - a lot of parents don't want to do this, especially
because of the risks that grades will suffer.
If your chlid is
likely to be competitive for a scholarship, this is a very
important consideration, and you probably should go that route
instead.
If not, it actually isn't that harmful to work part
time - five to ten hours a week doesn't interfree with studying
much at all.
If the alternative is not being able to pay for
college, then it's well worth the risk - working teaches your
kids responsibility and the value of a dollar, and if they can't
balance school and a part-time job, they aren't going to be
suited to the hectic pace of college.
You don't want to overload
your kids, tohugh - don't make them go out and work thirty hours
a week. They need to be contributing to the costs of their own
education, but they don't need to be treated like cheap labor.
The point of a job is partilaly the money - but more
importantly, it's to teach your kids how to manage their lives.
If you aren't going to be able to pay for college entirely, they
may have to work part time to pay their way through. If you
haven't taught them how to do this, it will be a sudden shock at
a time when they won't have you there to guide them through it.
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Saving for college? Put your kids to work
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