I'm not sure if my parents really had a plan when they had me. I'm also not sure if I was exactly planned. Not that I doubt that my parents love each other or me, I just wonder how things got to where they are now. We do pretty okay, but considering how much success my mom had in her old job as a teacher I think, "Why didn't we save more?"
My mom was a young, Mexican-American woman when she went to college in the 70's for her teaching degree. She got grants and scholarships since women like her were few and far between at that time. These days, being a Mexican-American girl with a B-average you're not going to find many people wanting to give you free money in this state unless you're going to be a damn engineer. My parents were counting on me to have college taken care of with free money. That's not how it worked out. I haven't taken out an ass-load of loans, but I would have liked to not taken out ANY. I worry all the time how I'm going to pay back that debt.
My parents didn't start a college fund for me. I don't exactly resent them for it, I just wish they had. I wish they would have saved for a lot of things. One thing I'm adamant about is starting a college fund for my non-existant children. I don't want them to struggle with money when they should just worry about getting their degree and being a college kid, if that's what they want to do.
I worry about how I'm going to pay for ANYTHING when I'm older... which is why the second I got a job, I opened a savings account. I started a very tiny nest egg. Right now the money is for school next semester and possibly for a down payment on an apartment. I want to plan for everything, which is something I doubt my parents did much of. Perhaps they did have a plan but they didn't plan incase that plan didn't work out. We've seemed to struggle a bit with money ever since my dad's recording studio went under, something neither he or my parents' credit ever recovered from.
My parents didn't start a college fund for me. I don't exactly resent them for it, I just wish they had. I wish they would have saved for a lot of things. One thing I'm adamant about is starting a college fund for my non-existant children. I don't want them to struggle with money when they should just worry about getting their degree and being a college kid, if that's what they want to do.
I worry about how I'm going to pay for ANYTHING when I'm older... which is why the second I got a job, I opened a savings account. I started a very tiny nest egg. Right now the money is for school next semester and possibly for a down payment on an apartment. I want to plan for everything, which is something I doubt my parents did much of. Perhaps they did have a plan but they didn't plan incase that plan didn't work out. We've seemed to struggle a bit with money ever since my dad's recording studio went under, something neither he or my parents' credit ever recovered from.
Credit cards, to me, are the craziest thing. Up until maybe five/six years ago I didn't understand how they or loans worked. The idea of buying something with fake money, then pay it back over a period of time totally didn't register with me. I thought, "Why buy something if you can't afford to pay for all of it?" I can understand how this is helpful when buying a car or a house, but pretty much everything else I think should be bought if you have the funds for it. Financing a laptop? Sorry, but that sounds pretty silly to me. You finance a Ducati, not a Dell.
I plan on saving and investing for my retirement soon. Sounds like a really stupid, hopeful thing to do at 21 but holy shit, have you seen the economic state we're in? There's a good chance that no one, not my job, or the company I work for will take care of that for me so I have to plan my own retirement. A lot of this thinking has been with me for awhile but my economics class is really egging me on to get it done. I may not have a real good idea of what I want to do with my life, but I know I want to be somewhat well off and responsible with my money when I get there.
~C.M. xx
I plan on saving and investing for my retirement soon. Sounds like a really stupid, hopeful thing to do at 21 but holy shit, have you seen the economic state we're in? There's a good chance that no one, not my job, or the company I work for will take care of that for me so I have to plan my own retirement. A lot of this thinking has been with me for awhile but my economics class is really egging me on to get it done. I may not have a real good idea of what I want to do with my life, but I know I want to be somewhat well off and responsible with my money when I get there.
~C.M. xx
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