Monday, July 30, 2012

12 Ways to Make Sure Your Teen Doesn’t Boomerang Back

12 Ways to Make Sure Your Teen Doesn’t Boomerang Back | Bachelor's Degree Online

Here is a link that was sent to me from the people at Bachelors Degree Online. The article definitely has some good ideas about how to help children going off to college don't end up coming back so quickly. Although there is definitely a slant toward university life portrayed in the article, there are some good and common sense ideas that everyone can take and use in their lives.

Sometimes we forget about the little things in life. I have two favorite points from this list: setting expectations early and providing the child with a strong financial education.

No matter when you are thinking of college, it's never too early to start planning. The earlier you start thinking about it and getting things in order, the easier the change will be when you make the transition. I've heard Admissions reps talking to students at our school and they would try to make the prospective student think about daycare and transportation well in advance of starting. There will always been last minute things that go wrong, so there's no reason to figure out as much as you can in advance, so when something does go wrong, you can more easily take care of it.

I can't speak enough about having a strong financial understanding, which ties is specifically with living within your means. I have friends who are in college or recently graduated college. They always tell me how difficult it is to afford things, but then I see them with the new iPhone, toting around a tablet, showing off a new tattoo, or smoking the expensive cigarettes. Sometimes in life, we have to make sacrifices. Other times we just need to cut back. Society tells us we need the newest toys and the higher-priced consumables. Sometimes, all it takes is just cutting back. In the first three months of this year, Starbucks' net income from the US alone was over $309 million. There's a reason why they make so much and why we feel so poor. Maybe one should get used to making their own coffee, which would save a few dollars every day. Maybe one should make their own lunch instead of buying fast food or even snack food. Maybe one should carpool sometimes. Wherever one can cut down on the spending (even if it's just a few cents here and there), one will be able to afford the things that they need to easier.

It is a challenge to plan ahead and to live frugally, as well as do the other things listed, but the rewards are more than just an education at a school.

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