Grom surf contracts - DONE

[the janitor]

since we're on the subject, what are other options other than the 529?

cash in the safe?
wealthy donor?

scholarships, there are lots of them out there for varying amounts and obscure demographics, so ask the high school college counselor for the most comprehensive list they can generate. Then fill all of them out, submit and hope for the best. It'll likely be a lot of cut/paste tedium, but if "they" are giving it away...

my daughter is doing the jc for transfer requirements then finish at either Cal State or UC.

Protip - because the 4 year colleges (at least out West) are going to be mostly online but with apparently similar tuition, junior colleges have lots more kids registering for the fall. If you haven't already gotten your kids registered and into fall classes you need to jump on it now.

 

[racer1]

If you're only paying $100/mo for kid's sports, you're killing it... Or only having them play AYSO soccer once/week.

Haha for real. Think about those parent dropping so much money for travel teams. Imagine they used that money to front load a 529 - they'd have their scholarship they justify spending so much money on the travel team.

 

[racer1]

Protip - because the 4 year colleges (at least out West) are going to be mostly online but with apparently similar tuition, junior colleges have lots more kids registering for the fall. If you haven't already gotten your kids registered and into fall classes you need to jump on it now.

I was thinking about this. Can JC's handle the shift that coming their way?

 

[bluemarlin04]

Going to in state schools or looking for schools that allow for in state tuition if you’re a resident of another state. The western undergraduate exchange is one of them.

Unless you’re kid is going to a top tier school there is zero reason to pay 50k a year for them to go to a random state school.

 

[silentbutdeadly]

If you're only paying $100/mo for kid's sports, you're killing it... Or only having them play AYSO soccer once/week.

700 for us and about 3k a year for competition ;(

That just eased up though since my son isn't really doing any organized sports now.

 

[GromsDad]

The surf equipment/contest/travel expense for one grom in my house for 2019 was pretty big even with some generous sponsors. Going to guess I spent $7-10k out of pocket without even leaving the East Coast. Covid eliminated the majority of that expense for 2020. Contest entry fees, membership fees and travel costs to contests currently sits at $0.00 for 2020.

 

[Chocki]

since we're on the subject, what are other options other than the 529?

cash in the safe?
wealthy donor?

Vanguard Index Funds (SP 500, NASDAQ).

 

[bluemarlin04]

Vanguard Index Funds (SP 500, NASDAQ).

Why wouldn’t you just setup your 529 Fund in a vanguard index fund?

That way no taxes if you use for educational expenses

 

[Autoprax]

Too much too soon will burn the kid out.

Youth is play time.

For some kids, that competition is play so. . .

 

[Autoprax]

700 for us and about 3k a year for competition ;(

That just eased up though since my son isn't really doing any organized sports now.

Weed is cheaper

 

[ghostshaper]

Talking about obscure scholarships, I had a student who was #2 in the US for fencing for his age. He was scouted by the Harvard and Stanford coaches. Only needed b average fir Harvard and c average for Stanford. Went to Stanford. Same w his younger sister.

Just read today that Stanford is cutting 11 sports, including fencing, rowing , and men's volleyball.

Out of all the activities, sailing has been the cheapest (about $500/semester). Entry fees for comps are around $15.

 

[Chocki]

Why wouldn’t you just setup your 529 Fund in a vanguard index fund?

That way no taxes if you use for educational expenses

The Pros and Cons of Using a 529 Plan to Save for College

Before you invest in any type of college savings plan, you should consider the advantages and disadvantages that it provides. The information below may help you as you consider using a 529 plan to build up college funds for your child. The benefits of a 529 plan Here are some great reasons to...

www.petersons.com

 

[VaB]

The surf equipment/contest/travel expense for one grom in my house for 2019 was pretty big even with some generous sponsors. Going to guess I spent $7-10k out of pocket without even leaving the East Coast. Covid eliminated the majority of that expense for 2020. Contest entry fees, membership fees and travel costs to contests currently sits at $0.00 for 2020.

7-10 K?? wow, that's a lot of money, if you don't mind my asking was it mostly travel and hotels? I could see how 5 days in obx could get pretty expensive pretty quick. How did it divide up?

 

[PRCD]

The Pros and Cons of Using a 529 Plan to Save for College

Before you invest in any type of college savings plan, you should consider the advantages and disadvantages that it provides. The information below may help you as you consider using a 529 plan to build up college funds for your child. The benefits of a 529 plan Here are some great reasons to...

www.petersons.com

Good luck matching the slope with an index fund:

Talking about obscure scholarships, I had a student who was #2 in the US for fencing for his age. He was scouted by the Harvard and Stanford coaches. Only needed b average fir Harvard and c average for Stanford. Went to Stanford. Same w his younger sister.

Just read today that Stanford is cutting 11 sports, including fencing, rowing , and men's volleyball.

Out of all the activities, sailing has been the cheapest (about $500/semester). Entry fees for comps are around $15.

Are these the fees at the local yacht club? I built a 12' dinghy but it's taking up half my garage and rather than pay to store it elsewhere, I might be better-off just joining a yacht club and sailing their Lasers or whatever. You're not even allowed to put your boat in a lot of the local freshwater lakes around here because of some invasive mollusk.

 

[ghostshaper]

Good luck matching the slope with an index fund:
View attachment 94177



Are these the fees at the local yacht club? I built a 12' dinghy but it's taking up half my garage and rather than pay to store it elsewhere, I might be better-off just joining a yacht club and sailing their Lasers or whatever. You're not even allowed to put your boat in a lot of the local freshwater lakes around here because of some invasive mollusk.

These are fees for my grom for junior sailing programs. The regatta fees are usually around $15. To be a member at a yacht club is $$$. Not that I'd ever want to be associated w/ those. Not my ilk.

 

[the janitor]

I was thinking about this. Can JC's handle the shift that coming their way?

Just helped an incoming freshman register last night and our local doesn't appear to be increasing class sizes so there were a lot of the basic classes with sizeable wait lists. It looked like they might be adding classes though because I ran into a bunch of "TBA"s for class schedules.

 

[potato-nator]

on a basic level who - on earth - would think they could win a heat
against JJF in 8ft pipe?

 

[waxhead]

22 years? my kids will go to college at 18

200 a month adds up quickly. Add the 2% cash back on your CC. Can you pay some major expenses with the card? Some people can pay their mortgage with a card. Health insurance, cars, etc. Every time I spent a grand 20.00 in the fund. 100.00 puts 2.00 bucks in -believe me it adds up. Then add the gains if you invest it. Then tell your kid they are going to a JC for two years. Or, if they get some help via a scholarship, you're still good.

 

[Chocki]

These are fees for my grom for junior sailing programs. The regatta fees are usually around $15. To be a member at a yacht club is $$$. Not that I'd ever want to be associated w/ those. Not my ilk.

Good luck matching the slope with an index fund:
View attachment 94177

And here I thought concert ticket prices were out of sync with the CPI. That’s obscene.

 

[Kento]

Talking about obscure scholarships, I had a student who was #2 in the US for fencing for his age. He was scouted by the Harvard and Stanford coaches. Only needed b average fir Harvard and c average for Stanford. Went to Stanford. Same w his younger sister.

Just read today that Stanford is cutting 11 sports, including fencing, rowing , and men's volleyball.

Out of all the activities, sailing has been the cheapest (about $500/semester). Entry fees for comps are around $15.

Am I the only one, especially given the Loughlin/Singer escapades, that sees most of these sports are a backdoor for rich but astoundingly mediocre students to get into an elite college?