Jogeephus
Well-known member
My daughter, "The Bug" has sprung up and has morphed into a beautiful butterfly and is getting close to leaving home for college so we are looking into how to pay the bills and what type scholarships she might receive. Since she has excelled in school and is just a point or so from having the highest grades in her school I felt pretty comfortable she would receive some pretty good scholarships through our state's educational fund through the lottery which was voted in to help kids that excelled in academics.
Not only has the bug excelled in her academics and a host of extracurricular activities she has also been quite the businesswoman. From the age of 8 she created several little enterprises from selling garden produce and eggs to her vast babysitting empire where parents actually argue amongst themselves and bid against one another for her services. Needless to say she has done well with these businesses and is sitting on nearly $20,000 in her savings account. This is the same account is to money what the Hotel California is to people.
Being all this stuff is so complex the sweet smelling one has taken the lead on gathering information and we have sought some outside advice as well and what I have learned and what I have been told has left me scratching my head. In a nut shell, I have been told to make as little money as possible the next few years and she needs to deplete her savings account else this will jeopardize her scholarships.
Pardon my ignorance but I thought the reason we legalized gambling in our state was to make a fund to reward the children who did well in school. I thought it only made sense that the better your grades were the more help you would receive and I had no idea that a child's frugality and work ethic would ever be used against the child. Or the parent's for that matter. But it seems my conservative views are again wrong. Additionally, it seems her scholarships may be reduced due to my starting an educational savings account when she was born.
I'm confused. I thought I was being responsible and had no idea I was going to hurt her. Would never intentionally do this but due to my actions she will see less rewards for her personal efforts it seems. Though I haven't come to a firm conclusion on what to do in these murky waters I have tentatively come up with the idea she needs to dump her savings in cattle and I can get a smaller trailer. I can make less money as well. Its gonna suck for a few people and their families but blood is thicker than water but it will make my life easier and less stressful. Afterall, for each $1000 they take from her scholarships will require me to earn a minimal of $1400 to make up for it so this is a no brainer.
Going to have to look into this a bit deeper but at the moment but this is where it stands and its giving me a headache learning I have parented in such a way that has ultimately hurt my child and the rewards I know she has earned.
Not only has the bug excelled in her academics and a host of extracurricular activities she has also been quite the businesswoman. From the age of 8 she created several little enterprises from selling garden produce and eggs to her vast babysitting empire where parents actually argue amongst themselves and bid against one another for her services. Needless to say she has done well with these businesses and is sitting on nearly $20,000 in her savings account. This is the same account is to money what the Hotel California is to people.
Being all this stuff is so complex the sweet smelling one has taken the lead on gathering information and we have sought some outside advice as well and what I have learned and what I have been told has left me scratching my head. In a nut shell, I have been told to make as little money as possible the next few years and she needs to deplete her savings account else this will jeopardize her scholarships.
Pardon my ignorance but I thought the reason we legalized gambling in our state was to make a fund to reward the children who did well in school. I thought it only made sense that the better your grades were the more help you would receive and I had no idea that a child's frugality and work ethic would ever be used against the child. Or the parent's for that matter. But it seems my conservative views are again wrong. Additionally, it seems her scholarships may be reduced due to my starting an educational savings account when she was born.
I'm confused. I thought I was being responsible and had no idea I was going to hurt her. Would never intentionally do this but due to my actions she will see less rewards for her personal efforts it seems. Though I haven't come to a firm conclusion on what to do in these murky waters I have tentatively come up with the idea she needs to dump her savings in cattle and I can get a smaller trailer. I can make less money as well. Its gonna suck for a few people and their families but blood is thicker than water but it will make my life easier and less stressful. Afterall, for each $1000 they take from her scholarships will require me to earn a minimal of $1400 to make up for it so this is a no brainer.
Going to have to look into this a bit deeper but at the moment but this is where it stands and its giving me a headache learning I have parented in such a way that has ultimately hurt my child and the rewards I know she has earned.
