Broke millenial student

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Originally posted by: CowboyKell
I wasn't too smart with money in my youth either. At 22 I was responsible for 40+ lives and quite a bit of military hardware. Yet I spent every dime of my pay partying and chasing women. Government bonds with a 50% match?? Marine Corps deposit program?? That's just crazy talk, Uncle Sam trying to take my beer money.
I even took a sponsored exit to make more money and have more adventure in a foreign country. It seems a young person might get even dumber before getting smarter.

Things change, people grow, lessons are learned. I turned out alright financially.

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Originally posted by: chafraho
“Maybe they should have taught me to budget or something."

Isn't that the basic point of arithmetic. You have 3 apples, and you eat 7. How many apples do you have left?

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Originally posted by: captain bill
Its all in who you marry. To say my wife is thrifty is an understatement...sure glad I found her in high school. By the time we had finished 10 years in the Navy, we had saved enough to buy our first house without a mortgage. Eight houses and two commercial building later, still havn't had a mortgage.
Two of my jobs had a 25% matching in their own stock (we maxed of course) and we did very well, although we don't own either one anymore, but sold them at good prices.
When eligible, have always maxed IRA's.
Putting grandkids thru college and we make sure they watch their pennys and have a part-time job.
Footnote:
Wife has changed...operating theory is now we can't leave it all to the kids.

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Originally posted by: pjstroh
Her budgeting skills aren't as outrageous as her general disposition towards work.

- she got 90k from grandma
- 60k of that went toward tuition
- article doesn't say what her costs for room-and-board are...I'd put a conservative guestimate on it at 8k/year...or 24k total.
- she spent some money on a trip to Europe (probably not advised - but she's not the first college student to take a "Europe" class)

So her spending seems pretty rational for a college student after 3 years. She's just bummed that she will have to "gulp" get a student job to pay off her senior year...and its embarrassing for her friends to see her wearing a paper hat. My sarcastic sympathies.

She'll graduate with less than 30k of debt. That's better than many kids today. Count your blessings, sweety.

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Originally posted by: Roulette Man

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Originally posted by: pjstroh
Her budgeting skills aren't as outrageous as her general disposition towards work.

- she got 90k from grandma
- 60k of that went toward tuition
- article doesn't say what her costs for room-and-board are...I'd put a conservative guestimate on it at 8k/year...or 24k total.
- she spent some money on a trip to Europe (probably not advised - but she's not the first college student to take a "Europe" class)

So her spending seems pretty rational for a college student after 3 years. She's just bummed that she will have to "gulp" get a student job to pay off her senior year...and its embarrassing for her friends to see her wearing a paper hat. My sarcastic sympathies.

She'll graduate with less than 30k of debt. That's better than many kids today. Count your blessings, sweety.

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Where did you get that she spent 60k of the amount toward tuition? Was it in the audio interview links? I think that is a pretty important point for the reporter to leave out, if she spent 60k towards her education. The story makes it look like she wasted most of it on clothing and Europe.

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Originally posted by: forkushV

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Originally posted by: CowboyKell
I wasn't too smart with money in my youth either. At 22 I was responsible for 40+ lives and quite a bit of military hardware. Yet I spent every dime of my pay partying and chasing women. Government bonds with a 50% match?? Marine Corps deposit program?? That's just crazy talk, Uncle Sam trying to take my beer money.
I even took a sponsored exit to make more money and have more adventure in a foreign country. It seems a young person might get even dumber before getting smarter.

Things change, people grow, lessons are learned. I turned out alright financially.

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Although you may have been spending like a drunken sailor (subtle insult), I don't think you turned around and used that as an excuse to make financial demands from your parents.

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