So we will be starting a college fund. Relatives and friends will be encouraged to contribute to it in lieu of gifts. I don’t think children need a thousand cuddly bears and a million toy cars. We don’t have space for them, anyways. Of course, Sister will be immune from this request because one simply does not get between Sister and her gift-giving.
When the young gentleman turns 18, he will get his college fund. He’ll get it irrespective of whether he chooses to go to college. If he prefers to use the money to start a business, take a trip to Europe, rent an apartment in Paris, or buy a Harley-Davidson, that’s up to him. If he gets a scholarship to college, he can have both college and a Harley-Davidson. (Harley-Davidson here stands for something I don’t get but don’t feel like judging.)
I think it’s a very good, reasonable plan.
Clarissa's Blog 
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I had no idea. 🙂 🙂
Ok, let’s scratch the Harley-Davidson then and say a mountain of pot instead. 🙂
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Pot is on its way to being legalized in St. Louis, by the way: http://www.stltoday.com/news/local/govt-and-politics/political-fix/reduction-in-marijuana-penalties-approved-by-st-louis-board-of/article_9336d7d9-cbc3-531a-b512-ec2325ed5ae2.html
I personally don’t care but many people will benefit.
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This will reduce police and “organized crime” violence.
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Harley Davidsons are mostly just midlife-crisis mobiles these days anyways.
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OK, maybe a big, shiny electric guitar, then? It has to be something I really don’t like for me to make the point work. 🙂
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A great idea. I am slightly paranoid after what happened in Ukraine in my childhood, so, to be safer in case of economic crisis, does one get a personal adviser in what to invest?
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N’s hobby is investing, so he will be the financial adviser on this. 🙂
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Doesn’t your school pay for your kid to go to college? Mine does. They have a list of about 500 schools that they have a reciprocal relationship with that the kids can choose from (assuming they are accepted — they still have to apply). This is one of the big reasons I don’t quit my job when I am so frustrated. I don’t want my kids to be saddled with the debt burden that I have because my parents contributed zero dollars to my college education.
This is not to say that you shouldn’t save for your kid’s future. Room and board aren’t included in my tuition deal, and I want my kids to live away from home. That can be expensive, but no more than paying for daycare, actually.
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“Doesn’t your school pay for your kid to go to college? ”
– For now, yes. But the state legislature is promising to take this away. I don’t think the program will be here in 18 years. 😦 😦
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Great plan! I wish I had your commen sense.
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I cannot wait to spoil my nephew – it is a huge relief that you are not opposed. 🙂
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Harley Davidson is big in these parts too. I don’t get it myself. If I were into two-wheeled motor vehicles (I’m not), I’d pick one of those cute Vespa scooters, like this one.
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