New Money Diary in DC - $248k/year

[Anonymous]

Every only child I know is either like this or financially supporting irresponsible parents.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So her parents pay her kid’s tuition but they get FA? WTH?

Because they FA is based on their income/assets and not the grandparents. This is common. Middle income parents qualify for the aid, grandparents then pay the bill.

Wealthy people just pay the bill. When you come from lots of money (even if you are downwardly mobile) you’re not turning your financial data over to whomever in the financial aid office. You tell your parents how much it costs and they put that amount in your savings account or you get it from an educational trust. And if you make lots of money you just pay it yourself.

I mean, I'll be glad to pay for my grandchildren's education, but if my kids can get FA to bring the price tag down, I won't object. Guess I'm not rich enough.

A living example of “money can’t buy class.”

Only new money spends more for something than they have to. Old money is notoriously frugal. Have fun subsidizing others!

The OP is not frugal. She is a layabout who makes poor financial decisions (see where she bought a house and sold it a few years later or see her spending on fripperies or see her spending on ozempic and a peleton membership she never uses). The OP is not frugal. She is cheap. She is stingy and unwilling to contribute fairly. She is the opposite of frugal.

[Anonymous]

Anonymous wrote:So her parents pay her kid’s tuition but they get FA? WTH?

I mean, this is is a common game. I have a kiddo at a local (non-fancy) private school, and I am confident this happens with tons of the students there.

[Anonymous]

I’d pull the kid out of the private school. Total waste of money. The public schools in the area are excellent.

[Anonymous]

Yet another example of grown adults relying on their aging parents to support them financially.


I am continuously surprised people don't see the shame in this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So her parents pay her kid’s tuition but they get FA? WTH?

Because they FA is based on their income/assets and not the grandparents. This is common. Middle income parents qualify for the aid, grandparents then pay the bill.

Wealthy people just pay the bill. When you come from lots of money (even if you are downwardly mobile) you’re not turning your financial data over to whomever in the financial aid office. You tell your parents how much it costs and they put that amount in your savings account or you get it from an educational trust. And if you make lots of money you just pay it yourself.

I mean, I'll be glad to pay for my grandchildren's education, but if my kids can get FA to bring the price tag down, I won't object. Guess I'm not rich enough.

No one is asking whether you object grandma, unless you’re donating to the annual fund, which is how a private school funds financial aid. You should ask the annual fund donors if they’re ok with their donated money is used to “bring the price tag down” for your own grandchild even though you can pay. SMH.

SMH. Money from grandparents should not be considered in the FA equation because that is not the OP’s money. It could be stopped at any time. Private schools in general overcharge for their services and I wouldn’t say one thing about potential money from relatives. None of their business and irrelevant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I love the flex of throwing in the diary that she went to the Inn at Little Washington the weekend before. Well played.

Seriously. That's an $800 date night, easy.

She didn't say that. She said she was in Little Washington, the town, and picked up some food (bread?).

Jeez. The Inn at Little Washington is so overrated. People go there to say they’ve gone there. The food down the street at my local hole in the wall cafe is better than that place.

[Anonymous]

Anonymous wrote:
1) No wonder nobody wants to return to the office. She barely worked!

Lol. you think people with this job do work when they are in the office either?

[Anonymous]

Anonymous wrote:

Anonymous wrote:
1) No wonder nobody wants to return to the office. She barely worked!

Lol. you think people with this job do work when they are in the office either?

I have no idea. I barely have time to go to the bathroom and shove food in my mouth at school. Y’all wouldn’t last a week in a school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I love the flex of throwing in the diary that she went to the Inn at Little Washington the weekend before. Well played.

Seriously. That's an $800 date night, easy.

She didn't say that. She said she was in Little Washington, the town, and picked up some food (bread?).

Jeez. The Inn at Little Washington is so overrated. People go there to say they’ve gone there. The food down the street at my local hole in the wall cafe is better than that place.

No.

[Anonymous]

Anonymous wrote:She does no work for her salary. She spent the whole day doing errands, chatting to her mom, and doing laundry.

Sounds like the Refinery29 target demographic and the aspirational lifestyle for its readers.

[Anonymous]

Anonymous wrote:Yet another example of grown adults relying on their aging parents to support them financially.


I am continuously surprised people don't see the shame in this.

The canary in this coal mine was when 30 year olds were bragging about mom and dad still paying for their cell phone. "So what? We're on a family plan."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
1) No wonder nobody wants to return to the office. She barely worked!

Lol. you think people with this job do work when they are in the office either?

I have no idea. I barely have time to go to the bathroom and shove food in my mouth at school. Y’all wouldn’t last a week in a school.

We respect you for teaching our kids but let’s cut down on the victim mentality/martyr complex, you are doing it because the job meets your financial needs. Sure, there’s a tiny percentage of teachers that are truly gifted at teaching but at the end of the day it’s still a job.

We don’t want to last in a school, that’s exactly why we did not opt to become a teacher, our personalities are different therefore different occupations.

BTW, a teacher wouldn’t last a week doing what I do but that’s a conversation for another time.

[Anonymous]

People like this make me want to support a 70% inheritance tax and fully staffed IRS that looks at bank data and taxes “gifts”. Absolutely ridiculous there is any pretense our society has a level playing field.
These nonprofit types are the worst of the worst.
There is no way the person should be able to exclude parental gifts on the financial aid form.

This is also why some colleges charge way more than they should to some middle class families. They assume you have family that can pay, and if you don’t, then too bad. There’s another family out there with grandparents happy to help their grandchild take that spot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So her parents pay her kid’s tuition but they get FA? WTH?

Because they FA is based on their income/assets and not the grandparents. This is common. Middle income parents qualify for the aid, grandparents then pay the bill.

Wealthy people just pay the bill. When you come from lots of money (even if you are downwardly mobile) you’re not turning your financial data over to whomever in the financial aid office. You tell your parents how much it costs and they put that amount in your savings account or you get it from an educational trust. And if you make lots of money you just pay it yourself.

I mean, I'll be glad to pay for my grandchildren's education, but if my kids can get FA to bring the price tag down, I won't object. Guess I'm not rich enough.

No one is asking whether you object grandma, unless you’re donating to the annual fund, which is how a private school funds financial aid. You should ask the annual fund donors if they’re ok with their donated money is used to “bring the price tag down” for your own grandchild even though you can pay. SMH.

SMH. Money from grandparents should not be considered in the FA equation because that is not the OP’s money. It could be stopped at any time. Private schools in general overcharge for their services and I wouldn’t say one thing about potential money from relatives. None of their business and irrelevant.

By this logic parent's income shouldn't be counted because the parents could be fired at any time. Last year's bonus shouldn't be counted because you might not get another.