Let the Past Go or Simply Go
10 years ago
last modified: 10 years ago
Featured Answer
Sort by:Oldest
Comments (52)
Related Discussions
4 goings going to college...& we don't want to work past 60 HELP!
Comments (16)I just read this post and wanted to respond. I was interested in the responses that you recieved V. Some were helpful. I have a few thoughts on this subject as well. I found it amazing that someone would have the guts to post that if you can't feed them don't breed them. As if by asking the question about how to prepare for the future, you are not doing your duty. It sounds like you are doing a great job feeding them, if you will, and are now looking toward the future. Good for you. I also found it interesting that the debate came down to a pick one scenario for everyone who did respond. You are crazy to pay for their college and not take care of yourself or you are selfish to take care of your retirement and not help your kids. I put forth that you have set two goals and want to know how to make both of those goals work. Without knowing more about your financial situation, no one can tell you how to do this or if it's possible. What I will tell you is about myself. I am a stay at home mother of three. My husband is ten years older than I am. He wants to retire in his early 60's (62 at the latest). Our children will just be going to college at about the time he wants to retire. I want to pay for college for my children. These are both valid goals. We gathered all of our information together and went and paid 400$ to a financial planner. It was the BEST thing we ever did. We are not rich. But we thought it was well worth the money to have someone help us look at our overall financial well being and help us draw some basic predictions (conservative predicitons) towards the future. He looked at our insurance and our finances. We found out we probably needed more disability insurance, if something were to happen to my husband, there is no way we could have held on to the house and made things work, even if I went back to work. We found out that we were doing fine with retirement and needed to think about college funds. I have the peace of mind now, knowing that if my husband were to die or get injured we could keep the house, maintain our style of living and be OK. And I won't have to go to work. That is important to us. We can retire in our 60s but it will most likely be age 65 (instead of 62) and pay most of our kids college expensis. I would strongly suggest that you think about going to a financial planner. Pick one wisely but know that they are worth the money in my book. Some things to think about- you can save for the local state university and your child will end up in Harvard. Then what? For us, we decided to save as much as we could towards helping our children get a basic four year degree. If we have enough to pay for their college, great. If they go to Harvard, Yale etc- high expensis, they will have to work and get student loans and scholarships. Or you will save for college and they won't go to college. Then what? This is one reason we have not put anything in their name that will equal a large chunk of money that will be theirs at age 18. Although they are adults at age 18, we know that they are still young and still lack the in depth decision makign skills they might need. We would hate to see our money spent on a nice car at the expense of college. The choice will be theirs at that time. What college to go to? How to help pay for it- live at home, work, not go? They will be well on their way to adult hood and able to make decisions that impact their future. Even now, our children are encouraged to save for college. (ages 4,2,5 months). We take any gift money sent to them and put it in the bank in their name. We give them a small allowance and help them split it up to tithing, spending, savings (my 2 and 5 months old don't get it yet, but they will). We are setting a policy now that any money they get in gifts at least 1/2 will go to the bank. This will be their money towards college and other expensis they may have as they grow and leave home. (Down payment on a home? Down payment on an appt? Down payment on a car? college?) The other thing we did- we took all of our money (except for a little bit) and put it in our accounts. We have not seperated out college vs retirement vs a big wedding. We figure it is all ours and if something comes up that we have to spend it, we want to be able to do so with out feeling like we are spending our childrens' money. WE earned it and we want to use it the best way we need to at any given time. You just never know what will come up (accident, job loss, etc.)... So it's in one big pot with our name on it (except for a very little bit). Closer to college time we will sit down and figure out where we stand- how much we have total, how much we can help each child out with college, how much we need for retirement etc. Then we will help our children. It is my belief that we had these children and along the lines of if you can't feed them don't breed them- we want to help them along in their adult hood the best we can. It seems a shame to force them to take on student loans when we will hopefully be in a position to help them if not pay for their college totally. I have some personal reasons for wanting to help my children through college based on my history. But there you have it. On the flip side though, we do not want to hurt our retirement or not retire to help our children. As someone posted earlier- $30,000 at age 30 is easier to pay off in the long run than the same debt at age 60 on a fixed income. I maintain that there is probably a fine line between these two goals that you can walk. I would put forth that with some research and budgeting, most families can be in the position we are now in. It's not ideal- we scrimp a bit and we don't do everything (many) of the things I'd like to do (like move to a huge house, go on more vacations, fly etc). But I feel good about where we stand. We know we can take care of ourselves and our children now and for many years to come. We know we can retire and help our kids through college. A 529 is a great option. We have one for each child. There are other options- roth iras, coverdale ira, schwab accounts, drips, etc. You get the idea. This is one reason we went to a financial planner. He helped us untangle the information and then backed off and let us make the decisions that we felt were best. Good Luck. Ginger...See MoreGoing past the stir-fry
Comments (30)It's hard to make generalities about over 1 billion people, lol. But I have found that there are many, many Chinese families who don't stir-fry at all, or do it very seldom. Not every American family eats burgers and hot dogs, either, for a local analogy. I guess if others judged American culture by TV ads and billboards, they would think we all lived on a daily diet of McDonald's Big Macs! But in general, many Asian cuisines do have a "triple path". There is home cooking; there is restaurant cooking; and there is banquet, or feast, food. I was talking to my Hong Kong-born Chinese-Portugese DH a few weeks ago, and he (finally) remembered to tell me a story about one of his uncles who died over 15 yrs ago. This uncle was famous in the family for making the Chinese broccoli with oyster sauce, or ho yau gai lan as it used to be spelled (I'm terrible with the new spellings, sorry). I've done this dish, and it seems very simple. Blanch the gai lan, stir-fry it quickly, drizzle it with oyster sauce. What's so hard about it? DH told me his uncle was so meticulous and painstaking about doing this dish, it was intimidating even to just watch him. Every cut had to be a precise size, the water had to be just the right temperature, the timing was down to the second. The wok had to be heated for XX number of minutes with just enough oil but not too much; the tossing and last-minute steaming done always the same way. In six decades of eating, DH says his uncle's gai lan remains the best. And every time, because he was so exacting about it, it was always perfect. But it was a lot of work, done to ensure that nothing was left to chance. He very seldom made it, in fact. Just the news that there was going to be a party and that Uncle had promised to make his gai lan, was enough to make everybody, even reluctant-to-socialize teenagers, show up for dinner! Oh, and outside of the gai lan, hardly anyone in DH's family, all 200+ members in Vancouver BC, stir-fries. Most of them don't even own a wok, which is interesting because otherwise they've kept their HK culture intact very assiduously. Unlike the American relatives, all of whom by the second generation barely remember their Cantonese, all the Canadian relatives speak Cantonese at home, so that even the fourth generation little kids are bi-lingual....See MoreShould I let my house go to foreclosure?
Comments (53)"actually someone who just came out of bankruptcy is a fairly safe credit bet." "I wouldn't bank on that lol The person I know is back to the same old spending habits that got them into trouble to begin with. It's been 1 year and he's paying for things with his bank Visa and over drawing his account." The CC company has 7 years to go after them, and under the new rules it is much harder to simply discharge (cancel) debt....See MoreWhat visions for your kitchen did you have to let go of?
Comments (38)All of my inspiration kitchens had natural cherry cabinets and soapstone counters. I knew before we even started that soapstone was going to be out of our budget--I had a lot of counter space going in, with some other expensive details. Instead, I chose a laminate with a similar vibe and put in huge windows. I have plenty of work space for multiple cooks, all the space I could want for baking and prepping, and I can always see the trees in the yard and the sky above them. I am very happy with my choices. The thing stung a bit was giving up the walk in pantry. In a 20X19 foot space, you'd think that we could fit a walk in pantry, but no matter how we positioned it, it screwed up something else in the layout, so in the end I gave it up and put in a wall of built in cabinets instead. I stash things in the laundry room and mudroom closet when I need to. I'm ok with that, because I got the mudroom and the laundry room in the remodel as well! :-) Again, I'm happy with the choices we made. Cj...See More- 10 years ago
- 10 years agolast modified: 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
- 10 years agolast modified: 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
- 10 years ago
Related Stories

DECORATING GUIDESBudget Decorator: Let’s Go Thrifting
Dip into the treasure trove of secondhand pieces for decor that shows your resourcefulness as much as your personality
Full Story
DECORATING GUIDESHow to Go Geometric Without Going Overboard
If your home decorating isn’t adding up, consider angles and shapes to help solve the equation
Full Story
LIFEYou Said It: ‘Let It Go’ and More Tips From the Week
This week's stories reveal how you can switch up your surroundings to spark new ideas
Full Story
SAVING WATERHouzz Call: Are You Letting Go of Your Lawn?
Many facing a drought are swapping turf for less thirsty plantings. If you’re one of them, we’d like to hear about it
Full Story
DECORATING GUIDESEdit Keepsakes With Confidence — What to Let Go and What to Keep
If mementos are weighing you down more than bringing you joy, here's how to lighten your load with no regrets
Full Story
MORE ROOMSA Bedroom Lets Go to Gain Elegance and Serenity
Cluttered and outdated, this Ontario bedroom needed purging before it could take on a more sophisticated style
Full Story
MOST POPULARHouzz Tour: Going Off the Grid in 140 Square Feet
WIth $40,000 and a vision of living more simply, a California designer builds her ‘forever’ home — a tiny house on wheels
Full Story
FLOWERSRudbeckia Mania: Go Beyond Black-Eyed Susan in the Garden
Branch out from typical nursery fare, with lesser-known Rudbeckia species that have delightfully unexpected features
Full Story
KITCHEN DESIGNWallpaper in the Kitchen: Is It a No or a Go?
A favorite wallpaper brings unexpected color and fun into the kitchen
Full Story
HOME TECHGo Ahead: Embrace Your Home Technology
It's time to make peace with the gadgets, wires and TV screens that serve us so well
Full Story
blfenton