Time for a newer car for DD? Your opinions
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Time for a newer car for DD? Your opinions
| Thu, 03-15-2012 - 12:31pm |
My daughter is in college and lives at school.
#Marie
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Marie, if any thing I have learned over the years now, and having multiple kids, is you can't be completely fair all the time with all of them, its just not possible.
Ohhhh I have a lot saying no to in the future.
I'm thinking on the same lines as Karen.
Norma
"Patience is the best remedy for every trouble"- Plautus
Yea, I think fair is a relative term.
We talked with her and will wait until summer and look for a good deal. She will put at least $1000 in, we will cap our investment at whatever we get for the sale of the Taurus plus $3500 from the college funds I saved (which are in mutual funds and bonds.) If she likes something more expensive than $6,000 and she wants it, she will have to make up the difference.
None of these funds are coming out of any of our funds as a couple, they are allocated to her, and we have more than enough to cover her next two years at 100%, so I am sure we will be fine and still be able to help her a bit in law school.
She totally gets responsibility, and we also said we won't be able to pay for a vacation next year, so she knows that and indicated she had it in her budget if she wanted to go anywhere. She was really appreciative for the vacation and DH fixing her car. She sees how much he does for her and is thankful for him in her life.
-Marie
Not sure if I misssed something, but I think the only thing that matters here is if the car needs repairs and if so, are the repairs more than what the car is worth?
Funny you say that, because after I posted that was my exact thought. I have done that with my kids for years. Guess I kind of get that from my mom. When I got married to second DH (now xH) my mom told me she would help with $1,500 towards the wedding. Period. Any more was up to us and she didn't care how I spent the $1,500.
Been using that theory for a long time, especially when taking the kids school clothes shopping. My DD12 knows that, too and is pretty much used to shopping with a spending limit now.
I think the plan for your daughter sounds reasonable-you have money set aside and it will not create a burden for the family to help her out.
As for your son, I would be careful.