As my oldest daughter heads off to college this Fall, I experienced my first college freshman “buying season”. From laptops and bedding to carpets and refrigerators, the list just seems to grow each day. My colleague Steve Rosen, Kids & Money columnist with The Kansas City Star, and I talked recently about this experience, and he included some great tips in his latest column on this specific topic.
As a parent of a college-bound teen, my own advice: Educate your kids on the costs of all the “essential” stuff before plunking down the money! Here’s the link to Steve’s column that parents of any college-bound kid will find helpful:
http://www.kansascity.com/2010/07/16/2089018/ways-to-save-as-you-head-off-to.html
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Susan Beacham founded Money Savvy Generation in 1999 after almost two decades in private banking and investment management complemented by considerable time teaching at the elementary level.
I have this site bookmarked now and also this article. I have a daughter who will be going to college in two short years. We are not a saving family so my daughter has not learned to either. I am afraid of what is to come in two years. I feel saving is definitely something that is taught and needs to be handed down. I didn’t learn from my parents so I haven’t taught my daughter. Maybe we can break the cycle with her children. Yikes! Thanks for the info.