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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid just negotiated with us to set aside the amount of her merit aid at a “lesser” school and give it to her for a house down payment after she graduates.  We were prepared to be full pay, so why not.  I think it’s a solid plan and smart in her part.  So, yes, I’m ok with a lesser school for no debt and having almost 90k toward a house payment.[/quote]

A 17 year old told you they want a house? I find that hard to believe. Is this in writing? A lot can happen to a family’s finances over the next 4-8 years or whenever she wants a house. And when the time comes, mom and dad may have to fess up they blew the money on new kitchen appliances and a boat. But hey, easy to justify because it was their money anyways.[/quote]

Yes.  She did.  My kids are both super practical.  We will likely out the money in a brokerage account in her name.  That’s why we did with some money that had been set aside for her sister for a car that she does not want.  Both of my kids already have brokerage accounts and savings accounts.  We would never blow money we promised her.  [/quote]

That’s very prudent of her. I would still caution you speaking in such absolutes. You never know if financial crisis, health scare, job loss or temptation is lurking years from now. You never know. I’ve seen similar promises not come to fruition.[/quote]

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