College Student Blows Through $90K College Fund
As if spending $90,000 on shopping trips and trips to Europe weren’t irresponsible enough, she then blamed her parents for not teaching her to budget.
Mediaite has the story:
College Student Who Blew $90k Fund: My Parents ‘Should Have Taught Me To Budget’
For your daily dose of rage-inducing WTF, I present the story of Kim, a 22-year-old college student who blew through a $90,000 college fund established by her grandparents.
Kim appeared as a guest on The Bert Show, an Atlanta-based radio show, and told her story over the course of several interviews. At first, you might think, “Oh, did something happen? Did she have to use the money for a selfless purpose, or help someone in the family out?” After all, while attending college is considered a must for most 20-somethings in the United States, many often find themselves unable to after a family tragedy strikes.
However, that’s not the case at all with Kim. She’s just an entitled millennial who wasted a financial gift that the majority of college students, traditional and otherwise, would literally kill for. Sure, Kim did use the money on her first three years of tuition, but she spent the rest on shopping, trips to Europe and other miscellaneous bullsh*t.
What’s worse is, though the show hosts try to keep calm while giving Kim advice, she just can’t help but make herself sound worse each time she opens her mouth.
College Student Who Blew $90k Fund: My Parents ‘Should Have Taught Me To Budget’ (Mediaite)
Comments
Didn’t teach her to budget?
When I was in high school, late 60s, my next door neighbor was into muscle cars, Mopar big time. My father, who was a heavy vehicle maintenance guy in the Army in WW2, had never taught me anything about cars. But my neighbor did. One day, his father came into the garage while we were tuning my parent’s Dodge Dart and asked what were we doing. My friend sheepishly said “tuning the car”. And his father said “is he paying you to teach him”, at which point, because my neighbor was of a certain religious group, I thought, but did not say, some pejoratives about that certain religious group. But a month later, working on my neighbor’s Road Runner, his father came by again and said “which plugs”. I said “J11Y gapped to 0.035”. “Points”? “Gapped to 0.020”. “Timing”? “10 degrees BTDC at idle”. He smiled and said “there is such a thing as knowing too much”.
Over time, I came to realize my neighbor’s father was right. If getting something doesn’t cost you something, you don’t appreciate it, and you’ll unlikely have any discipline with it. And I regretted the pejorative.
This of course is highly relevant to our impending welfare state financial train wreck. The takers have no appreciation or discipline, and it’s only going to get worse.
This:
“my dad has worked for like a million years and they have a retirement account.”
Yes, HIS retirement account. Anyone here think her plan is to pay it back, WITH INTEREST? IOW – make up the budget shortfall?
And this:
“I hope they realize [working part-time] could have such a negative effect on my grades and as a person.”
The negative effect of … learning to budget? Learning time management? Learning responsibility?