MSE Parents Club Part 15

searching_me

merfe i was more aiming along those lines or half way to a depoist to a house ... they wont be able have it til they're 21 at least unless shown to be responsible with money .. greed with money runs strong through my family and i have to see they wont blow it on worthless crap x

csh_2

weezl74 wrote: »

On the radio yesterday there was a discussion about whether parents of babies now should be rethinking their savings strategies in the light of possible future changes to university education.

I wondered what you guys were all thinking of doing, if your children going to uni is something you'd like, that is!

Thanks in advance if anyone is willing to share their thoughts on this.

Its very unlikely my big 'un will be going to uni so just K to think about. tbh its not something I would save for as I'm not really a saver!
Plus is it still different in Scotland?? I don't tend to keep up with things that don't directly affect me at the current time. I'm not a plan years in advance type.

We would fully finacially support K (or C if a miracle happened and she wanted to go!) but only for a course that I felt was worth the money/ years of study.

I would think that over the next 16ish years there will be quite a few policy changes etc re higher education...

aless02

weezl74 wrote: »

On the radio yesterday there was a discussion about whether parents of babies now should be rethinking their savings strategies in the light of possible future changes to university education.

I wondered what you guys were all thinking of doing, if your children going to uni is something you'd like, that is!

Thanks in advance if anyone is willing to share their thoughts on this.

That's a good question...I would like to think we would try and save some to help towards education (be it uni or otherwise) and would expect Finn to use CTF to help towards that. Depending on where the ILs house sale goes, our focus at the moment is getting out of debt and eventually buying a house (we've agreed that getting out of debt is more 'beneficial' to the family unit at the moment) and THEN I hope we can stick some aside. Or possibly keeping an eye on the economy and instead overpaying on a future mortgage and then using home equity down the line to fund uni?? Not sure, to be honest!!

MERFE

lol it would be nice if we could save a deposit for a house let alone half of one for each of the kids. My husband is trying to convince them all to go in the army anyway so no need for uni fees, He has told ds that the army can train him to drive anything - this went down really well. Have to see what they decide in the end.

MERFE

aless that sounds like a good plan, well its a plan at least.

weezl74

thank you all very much for the replies so far, more please! DH and I need to make some big decisions shortly so this is all very helpful.

Can I just ask, those who are saying you would like to fund your child through uni, are you meaning fees plus maintenance, or just fees?

searching_me

im not sure on the army route either as none of the fights we (as a country) just lately seem worth losing loved ones over as they're not our fights to begin with (or this could be worried mum talking) .. if they decided they wanted to do this id agreed but id leave them to decide when they're older ... same with religion and all that ...

im just hoping they have common sense about having money ... ive seen what it can do to people and im making sure i install hopefully some x

searching_me

weezl74 wrote: »

thank you all very much for the replies so far, more please! DH and I need to make some big decisions shortly so this is all very helpful.

Can I just ask, those who are saying you would like to fund your child through uni, are you meaning fees plus maintenance, or just fees?

if i did it would only be fees ... maintenance is their part ... of course if they needed help i would but im paying no ones drinking money x

csh_2

weezl74 wrote: »

Can I just ask, those who are saying you would like to fund your child through uni, are you meaning fees plus maintenance, or just fees?

Maintenance too but the amount would be entirely dependant on the course/level of workload. If it was feasible to have a part time job and study I'd encourage that but if it was intensive then I wouldn't be risking my investment of paying the fees by pushing them over the edge working and trying to study IYKWIM

csh_2

If OH gets his way then K will be an engineer just like his Dad, and his Dad before him lol I think its in the blood as K is already fasinated with how things work and taking things apart/putting them back together!
If he was to go down this route then we'd try for a modern apprenticeship for him as it would benefit him more than going through uni and coming out with no hands on experience.
Once he had his papers then the OU would prob serve him better if he wanted to enhance his career.