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www.eInvesting.com Forum Index » Saving Money

Ways of Encouraging Kids themselves To Save For College etc


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Benjamin
PostPosted: Fri Oct 07, 2005 10:39 am Post subject: Reply with quote

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*Message Edited*
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Im Not Warren Buffett
PostPosted: Tue Nov 29, 2005 10:34 am Post subject: Reply with quote

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I think its quite irrational to expect a kid to save much for college, considering the costs. Are you expecting them to save something meaningful, or is it more of a symbolic lesson about money?
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geb9696
PostPosted: Tue Nov 29, 2005 11:55 am Post subject: Reply with quote

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I know that the college that I plan on attending next year cost over $45000 a year. I dont see how me saving would have helped in paying for that. Now paying for a car or for car insurance is something that I could see.
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frusnak
PostPosted: Tue Nov 29, 2005 1:40 pm Post subject: Reply with quote

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Very Happy I think it's about you helping to pay for your college costs and learning fiscal responsibility. Wether it's for a car, car insurance, food, clothing etc. something to help your parents and show respect for their sacrifices Wink
Good luck in school Very Happy
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Im Not Warren Buffett
PostPosted: Thu Dec 01, 2005 4:01 pm Post subject: Reply with quote

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He needs all the luck in school he can get; he is mildly bipolar so he either sleeps through class or babbles on about Cramer. I think he might have a thing for him. Wink
And this whole college thing is a lie, he isn't smart enough to get in anywhere costing that much.
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geb9696
PostPosted: Thu Dec 01, 2005 4:50 pm Post subject: Reply with quote

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Yes it is true. I do have a crush on Cramer. I have a thing for bold white men.
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Im Not Warren Buffett
PostPosted: Fri Dec 02, 2005 3:12 pm Post subject: Reply with quote

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Bold or bald? Kind of like my dad?
And let it be known, he [geb9696] did get into college.
The next challenge: passing school without me being there.


Last edited by Im Not Warren Buffett on Fri Dec 02, 2005 6:18 pm; edited 1 time in total
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geb9696
PostPosted: Fri Dec 02, 2005 5:29 pm Post subject: Reply with quote

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Um, can I pick both? And dont bring your dad into this.
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Im Not Warren Buffett
PostPosted: Fri Dec 02, 2005 6:08 pm Post subject: Reply with quote

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Why can't we bring my dad into this? He's such a great source of joy in my life, the driving force behind all of my greatness.

For the many of you who have no idea what I'm talking about, this is the best image I can find of my dad.


I am not making this up.
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Benjamin
PostPosted: Fri Dec 02, 2005 6:13 pm Post subject: Reply with quote

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Ok...now I'm confused. Joker
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geb9696
PostPosted: Fri Dec 02, 2005 6:20 pm Post subject: Reply with quote

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His dad looks exactly like that. Bald white man who eerily resembles the main character in the game Hitman.
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Im Not Warren Buffett
PostPosted: Fri Dec 02, 2005 6:22 pm Post subject: Reply with quote

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My dad is an assassin. The man pictured is an assassin. I cannot offer a true image of my dad because then various counter-terrorist agencies would know what he looks like.
If you were to take that computer generated image, and make it into a real life person, you would have my dad. That is what he looks like.
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raspberry24
PostPosted: Wed Dec 07, 2005 7:07 pm Post subject: Reply with quote

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My parent always made me save money. Even when I was a little kid. If got money for my birthday, or babysat... the 1st words out of my dad's mouth were "How much of that are you putting in the bank? " I would always get mad. When I would babysit he would make me put half in the bank. I apperciated it so much when I had a few thousand saved when I got older. My parents did a great job of teaching me the importance of saving money. Always pay yourself first!
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Dave Rathbun
PostPosted: Thu Dec 08, 2005 9:19 am Post subject: Reply with quote

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raspberry24 wrote:
Always pay yourself first!

Until you experience this, you can't truly appreciate how important it is. I have paid cash for the last five vehicles I've purchased. I paid off my first house before I was over 40. When would you ever want to pay interest to a bank when you can pay yourself... it's truly the best thing you can do.

Best way to start: get your credit cards paid off. Then keep them paid off, and pay all of the extra that you have left over ('cause you're not paying interest) into the bank. Next time you want a "big ticket" item ($500 or more) see if you have enough set aside in your "pay me" fund. If so, pay cash. (Or pay with a rewards card but only if you can pay it off immediately.)

I could go on and on, but this is really one of the most important steps towards financial success, in my opinion. Cool
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nickspcs
PostPosted: Tue Apr 11, 2006 9:39 am Post subject: Reply with quote

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Saving for college is an essential part of growing up, it helps motivate the student to do better in school and it teaches them the value of a dollar.
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