Reply to Share your financial mistakes or coups

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[quote=Anonymous][quote=Anonymous]My parents made an excellent financial decision on my behalf that I believe shaped my life and turned me in a successful direction: I was a trust fund baby, and was never told. I had to maintain a B average AND work AND volunteer for a combined total of 15 hours each week from sophmore year of high school onwards. My parents were willing to pay for private school, tutors, private college, as long as I kept maintaining that. It was only when I started talking about grad school that they told me there was an education fund for me that would pay for it if I decided to go.

DH & I are doing the same with our kids. They will NOT grow up resting on being trusties and not working hard. [/quote]

Not a trust fund baby here, but agree that this is a big coup. My parents paid for the entire education of all three of their children. I'm really proud of them for doing this on their strictly middle-class salaries, and have already started saving for our kids (when they were infants).

Actually, they didn't quite pay for our full education, as one sis and I got full rides to grad school (thanks to merit scholarships) and we both tutored rich kids for money while in school (for $50/hr), so best financial coup for us was having our parents pass along smart genes ;) We got the balance of our education savings as help with downpayments on our houses. (Other sis went to med school and needed her education fund to help pay for lean times when she interned. Not too shabby either!)[/quote]

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