By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 25 July 2018
I was a wreck when my daughter Maddy went off to college three years ago. I had so many emotions about my oldest child, my first baby, leaving home and venturing out on her own. On the other hand, Maddy was so excited--without an apprehensive bone in her body. She was ready to start her college experience and for that I was grateful. But I had my concerns about her safety, her well-being, her ability to create her own structure with all that freedom, and all the other concerns that come with being the parent of a young adult.
Although Maddy was focused on how she was going to furnish her dorm room and what her roommate was going to be like, she was also looking forward to the adventures and challenges of college. The furthest thing from her mind was worst case scenarios and creating a plan for the what-ifs of adulthood. While the curtains and the rug and the mini fridge all have their place in planning for college life, so too does preparing documents that will protect you as a parent and them as an adult in the event of an emergency.
Tuesday, 28 March 2017
Money Magazine has released a new Money Makeover Series and the first area they cover is retiring early. One of the struggles of attempting early retirement is that many families still have children in high school or college and they need to establish a game plan for how to handle the expense of college while still meeting their goal of retiring early.
Friday, 26 June 2015
Kathleen Longo shares useful topics to discuss with college-bound children in her blog titled: Crucial Conversations Before Your Child Heads to College.
Shared by The BAM Alliance, June 26, 2015
With my oldest daughter now graduated from high school, the summer has been busy with various celebrations, planning for freshman orientation and preparing long lists of supplies necessary for life in a college dorm room.
It has also presented an opportunity to talk with her about the family finances and set expectations for life beyond high school. Here are some key topics I’ve discussed with my daughter, and which may be useful in your own conversations with college-bound children:
Read the full story here