Long Term Mortgage Free Wannabe

katsoocam

FtbDreaming said:

Ooh I think you deffo like having to something to save for don’t you @katsoocam how old are your little ones? Wouldn’t you be better off having a snowball approach to saving so once one pot is full move onto the next? 

My eldest is 12 and I haven’t thought of uni yet. If I have to pay the fees then I will but it’ll be the MSE way of life rather than thousands of my hard earned money to go to freshers weeks and student nights every Monday-Friday. It’s all a bit alien to me tbh. I got my first job at 15 and left home at 16 I’ve never been well off but always paid my own way. The thought of having to fund adult kids lifestyle just doesn’t sit well with me. 

I see what you are saying, but I went to uni and I absolutely wouldn’t have the job I do without my qualification, which I love. I also had a job (usually more than one) from being 15. I don’t want to spoil my kids but I do want them to have some money for fun stuff without having to save for months before hand 

caeler

There are lots of routes to higher education. I got a job at 18, found a career path I liked and my employer sponsored continued study. I absolutely needed higher education and qualifications to do what I do now and it was hard studying part time but it worked really well for me. 

vixx_123

I did undergrad, masters and PhD without any monetary support from my parents. I gather things have changed since the government subsidy has been removed. It meant that I worked from age 15 til the month I started my PhD. I couldn't believe they were paying for me to study! And I had evenings and weekends back!! It would alleviate burden for your children. My brother went to UCL and he couldn't afford to live in London and slept on my sofa and he couldn't afford to do a Master's as they were £9k by then. 

katsoocam

There isn’t an employer sponsored way to do what my husband and I studied though. Things have definitely changed - my husband is still paying his loan off. No doubt it will change again - my kids are 2.5 and 22 days 

FtbDreaming

Oh yes I’ve been to uni too and done a MSc! No help from parents though (although my mum did buy me a laptop in my 2nd year of Nursing as mine had exploded and I still cherish it 12 years later lol). 

I just meant from the perspective of don’t be pressuring yourself to save £60k for their education. They are still babies and actually at the cheapest part of their life’s. Once they reach the height where you have to pay admission for days out and have friends parties every week it gets more costly from there and goes up and up. 

I wouldn’t worry about 17-18 years time and just enjoy the present a bit more. As you said your husbands still paying his student loans as am I... but we have careers where we at least meet the threshold!

congratulations on the new baby btw xx