<p>Yes I do not plan on paying off the home early (with 2.5% interest) - got it when everyone else was charging around 3.5% for home loan/15 year (it was set up as a 10 year note on what we owed); also very low closing costs (it was through a company credit union tied to a former employer - since we had some money in retirement plan we were still current with credit union privileges; we belong to 4 credit unions in 3 states for the reason like this - never know when you want to use it). I am very pro credit union.</p>
<p>^^me too - love the personal service. My son financed his new car through his credit union. He was pleasantly surprised to get employee pricing on the car at the GM dealer he purchased the car at. The dealer told him that is a GM policy but the other 2 dealers he had gone to had not offered it to him.</p>
<p>On the topic of student loans, my two both have them. Son has $10k and daughter $20k. He is well ahead on the payments and will pay them off early. She is paying hers but it is a struggle as her income is low and her husband is in grad school. Unfortunately they are in the camp of some mentioned above and eat out and spend money they can’t afford - champagne tastes on a beer budget as the old saying goes. Surprises me as my son was the one whose money burned a hole in his pocket when he was a kid and she was very tight with hers. They are opposite as adults. </p>
<p>Has anyone posted the link,</p>
<p><a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?;
<p>Just helping students aware of what they are getting into seems to help a lot and costs nothing.</p>
<p>^ It was posted on another thread. It links to the IU money-facts web site which is interesting. <a href=“http://moneysmarts.iu.edu/”>http://moneysmarts.iu.edu/</a> Definitely designed to appeal to college students.</p>
<p>It is helpful to students to get some financial role modeling by those around them. When parents can help a student by paying for cell plan and car insurance, so students’ costs are strictly college related - it can kind of be a ‘team’ effort; you manage good grades and keep college costs down, and I will help you with some ‘basics’.</p>
<p>Young people are very vulnerable to the here and now and what they think others around them have as their standard of living. Beans and rice strict budgeting can be done with goal setting. You want the time value of money to work for you rather than against you (student loans strung out so debt grows instead of getting knocked out).</p>