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Tuesday, August 19, 2014

How Sending Your Child to Private School Can Save You $53,000

Time – Jacob Davidson

“Public school can end up being much more expensive than private school depending on where you choose to live.” (more)

3 Financial Firsts All Parents Should Prepare Their Children For

The Huffington Post – Andrew Plepler

“As parents, some of our greatest joys come from witnessing those “first-time” milestones in our children’s lives. I’m experiencing one right now: My daughter is buying her first car. All she can think about is hanging out with her friends. Meanwhile, I’m thinking this is a great time for the two of us to talk about the financial responsibility that comes with car payments, auto insurance and ever-increasing gas prices.” (more)

Poll: Obesity Tops List of Parent Wories for US Children

Education News- Grace Smith

“What are the three top health concerns for children in the US? The number one health threat, according to respondents, is obesity, followed closely by school violence and gun-related injuries, reports HNGN.” (more)

UK Study Suggests 6-Year-Olds More Tech-Savvy Than Adults

Education News- Kristin DeCarr

“A new study from UK’s Ofcom suggests that 6-year-old children have a greater understanding of technology than the average 45-year-old adult.” (more)

Monday, August 18, 2014

Is your child a candidate for stress-related substance abuse?

News Herald – Juliann Talkington

Juliann

Is your wise, well-adjusted teen really drug abuse proof?

 

According to the National Institute on Drug Abuse more than 660,000 Americans used heroin in 2012, double the number six years earlier. Most of the new heroin users are young adults, age 18-25.

 

Because illicit drug and alcohol use among middle and high school students has been relatively steady, the increase has gone largely unnoticed by parents with school age children. Even though there is no immediate threat to younger kids, it is probably wise for parents to take notice.

 

With the weak economy, there is concern that college students and recent college graduates may be turning to drugs as a cheap way to cope with employment prospects and debt.

 

Finding high quality employment is challenging. About 40% of the recent college graduates are unemployed, 16% have part time jobs, and many of those that do have jobs are stuck in assignments that do not require a college degree. According to a recent Gallop/Purdue University poll, about 70% of college graduates have debt. The average debt is more than $33,000, up from $18,600 in 2004. Among those who took the poll, 11% took out more than $50,000 and an additional 21% borrowed between $25,000 and $50,000.

 

Between job woes and loan payment stress, it is easy to understand why this age group is under pressure.

 

How can parents help?

 

It is imperative for parents understand that the job market has changed. Good jobs, regardless of the field, require outstanding math, science, communication, and critical thinking skills.

 

Then parents need to talk with their children about the financial realities of higher education. Higher education only makes sense when the cost, including loans, is low compared to the income generated after graduation. Otherwise, kids should pursue a trade that has good earning potential and low entry costs like plumbing, hair dressing, and real estate.

 

Finally parents should think critically about high cost sports and arts activities. Frequently the costs of teachers, coaches, and travel reduces the money a family can save and may force a child to accept admission to a college where the prospects of high quality employment are low.

 

Making sure your child has strong math and science skills, carefully selecting extra curricular activities, and evaluating the need for higher education can decrease pressure and reduce the chance your child will turn to drugs to cope with financial stress.

 

Report: Cost to raise today’s child tops $245,000

The San Francisco chronicle – Staff Writer

“A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she becomes an adult, with families living in the Northeast taking on a greater burden, according to a report out Monday.” (more)

Sunday, August 17, 2014

Breaking down the digital divide for lower-income families: Editorial

The Star – Editorial

“But a new barrier threatens to divide the haves from the have-nots at school — and later on in their careers. It’s a lack of access to home computers and affordable, fast connections to the Internet. In 2012, almost 98 per cent of the top income households were connected to the Internet, compared to only 58 per cent of those earning less than $30,000.” (more)

Saturday, August 16, 2014

3 Simple Tips to Help Kids Balance School and Chores

Reviewed.com Vacuums – Jonathan Chan

“Sure, kids should focus on homework over housework, but that doesn’t mean household responsibilities should go by the wayside. So here are a few quick tips to help keep your kids on task.” (more)

Parents worry their child won’t make friends at school

BBC – Staff Writer

“Parents worry their children will not make friends when they start at school for the first time, says the charity Action for Children.” (more)

LAUSD says it is not subject to state’s parent trigger law this year

The L.A. Times – Teresa Watanabe

“A controversial state law permitting parents to petition for sweeping changes in failing schools cannot be used this year in Los Angeles Unified, district officials decided.” (more)