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My name is Jacob, a husband to a wine-blogger wife, father to two bouncy-boy toddlers, and I'm the owner/author of My Personal Finance Journey. By day, I am a scientist working in bio-pharmaceutical development. Personal finance has been my hobby since 2007 when I started teaching myself through books (that finance B.S. degree didn't teach me much!). Learning how to save, adopt a frugal mindset, and invest my own money soundly has allowed me to have a savings rate > 50%, increase my net worth by > 20 times, grow my career, and always do what I love. Check out the About Me page to learn more!

Although my children are only four months old, I have been thinking about their education for many years before they even came into existence.
Iโve always ascribed to the typical idea that โbeing educatedโ means, of course, going to college. However, now that college has become an overpriced industry, Iโm becoming more flexible on what I expect out of my kids.
Mostly, I am open to them pursuing their college education in a variety of ways, and I hope at least they will become independent above all else and learn to make a successful life for themselves. Nothing would make me happier than raising kids who are self-sufficient and who are willing to find ways to get their degrees for less.
However, when I think of a well-rounded education especially, I think of more than just school and books.
Here are some ways I plan to educate my twins for less and ensure they are well rounded along the way:
I wish I had gone this route. Both Jacob and I went to highly competitive schools in the great state of Virginia. However, did you know that if you complete two years of community college in Virginia and maintain above a 3.5 GPA, you are eligible to get accepted to schools like UVA and William and Mary?
Many people I met in college went this route. Not only did they have two years of cheaper tuition, but also they got the same diploma I did along with all the perks of attending a top tier school.
I will definitely be encouraging my children to take as many community college classes as possible during their high school years and college years. The education is good, the classes might be easier to get better grades, and you can go to college with a semester or two of classes already under your belt. Iโm not sure why people donโt take advantage of this more.
I believe that travelling is an amazing way to give your children a well-rounded education. When you travel, you can show them different parts of the world and how people navigate their lives through different experiences and traditions. When you travel and let your children lead the way, you are also teaching them how to use airports, how to behave in public, how to be level headed in stressful situations, and how to find their way quickly in a new place.
All of these skills are extremely valuable in life, and as long as my income allows it, I plan to have a smaller house and more modest cars so that I can take both my kids traveling with us as much as possible. This might not be getting an education โfor lessโ but when you think of the price of college these days, a trip here or there hardly seems extravagant by comparison.
If you want your children to succeed in life or learn how to interact with other people, make sure you include them in your dinners out.
In order for your kids to be well rounded, they should know how to order dinner at a restaurant and know how to sit there without an iPad entertaining them. I doubt Donald Trump let his kids play with their phones or act out while out to eat dinner, and while thatโs a big example to give, it goes to show kids are capable of sitting still and having a conversation at the dinner table without gadgets keeping them quiet.
Iโm sure there will be many times when Iโm embarrassed by something my kids do in public. Theyโre kids after all. However, I think with enough exposure and training, they can come to know whatโs expected of them when they are out and about.
Ultimately, I think parents get caught up in the idea of college and making sure their children get the โrightโ opportunities in the โrightโ places. However, I donโt plan on over-extending my kids, over-scheduling them, or paying $20,000 a year for high school just so they can get a chance at an ivy-league education.
I believe with the right tools, with the right exposure, with the right level of independence, they can do anything they want whether itโs attend a fancy school, start their own business, or take a year off to travel the world. In this day and age with the rising cost of tuition, I think itโs important to be flexible and open when it comes to education and realize that being education is so much more than a college degree.
How about you all? How do you ensure your kids get a well-rounded education? Do you plan on sending them to a 4-year college or university or are you flexible in your expectations of them?
Share your experiences by commenting below!ย
***Photo courtesy ofย https://www.flickr.com/photos/jblndl/1413647425/in/
Hi folks! My name is Jacob. I am the owner and operator of My Personal Finance Journey. I started this blog in January of 2010 and have enjoyed the journey ever since. Since finishing up graduate school in Virginia in 2014, I have been working in biopharmaceutical development in Colorado. You can read more about me and this site hereโ. Please contact me if you have any questions!
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I’ve just graduated high school and I’m taking a year off to take stock and decide what to do next. All my friends have been funneled into the college system, but none of them are questioning the costs and that worries me. What do 17 year-olds know about debt? It doesn’t even seem to occur to them that it will affect them in later life.
Myles Money recently posted…Financial Education For Kids
Hey you might be smarter than all of us Myles!
Cat @ Budget Blonde recently posted…Major Organizing Overhaul + A Writing Wrap Up
I think the most important thing is to build foundations for success throughout life. Read to young children, talk to them about things that they can learn from, make sure that at least a good chunk of games they play or TV shows they watch have educational value, and spend time with them on their schoolwork. These things will set good habits and keep them focused, and instill values that they will carry through their educational career.
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I agree. My hubs and I aren’t much into video games etc so hopefully we can encourage some fun stuff that involves learning as well!
Cat @ Budget Blonde recently posted…Major Organizing Overhaul + A Writing Wrap Up
I’ll add that I want to expose our kids to arts culture. My husband is big into music so we attend free local concerts whenever possible and occasionally pay for one as well. We’ve have had seasons tickets to a Broadway musicals series for several years. I grew up frequently going to the Smithsonian museums, and even though when I was a kid I was all about the dinosaurs (OK I still am!) in the natural history museum, I’m really glad my mom (an art history major) forced us to go to the art museums as well and now I enjoy them. I want to do that for our children, and I hope we live in a city where it is not prohibitively expensive. (The first time I had to pay to enter a museum in my teens I was SHOCKED! So spoiled by the Smithsonian!)
As for the college thing… I passed up attending UVA for undergrad to go to a private school, and it was a good decision for me. UVA would have been good too, but I wanted to experience another state and a new set of peers and a liberal arts college was a better fit for me than a university at that time. My siblings both attended community college and ultimately transferred to in-state public 4-year universities, and I have to tell you it’s been rough and it’s very possible that neither of them will ultimately graduate after languishing in those systems for 4-6 years already. They have not had anywhere near the experience I did or would have had at UVA starting as a freshman. I think you have to have a highly highly motivated student to stay on track in community college, and it’s a gamble. If the money aspect is not absolutely prohibitive, I wouldn’t do it. Anecdotally as well, in my many years in academia I have only ever met 2 students who started in community college and ultimately entered PhD programs. One was because he was new to the US after HS and one had been home-schooled through HS. I don’t think it’s completely because of a lack of ability/ambition/interest of students who start out in community colleges; I think that it’s a lack of support and academically-oriented peers as well. And since obviously I want my kids to get PhDs ๐ I’m going to do what I can to get them into a college/university as soon as they are ready.
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You make a lot of really great points here and you know I value your opinion a lot Em! Maybe we’ll use community college as a route to get some credits while they are in high school and just shave off some time at university!
Cat @ Budget Blonde recently posted…Major Organizing Overhaul + A Writing Wrap Up
I don’t have kids yet but your advice is solid nonetheless. I wish I went the community college route, maybe my student loans wouldn’t be so high now. Oh well, live and learn.
Thanks for that! I know I feel the same way!
When we eat out, I told my daughter to observe me while I’m ordering in a restaurant or even in a fast food chain. Gladly, she is a kind of kid that really knows how to interact with other people and she knows that playing with her tablet is a big No-No if we are eating.
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Your kid sounds like a great one!
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