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Showing posts from August 22, 2010

Welcome to the Real World My Child

Last week, my daughter returned to college. Instead of going back into the dorms, she decided she wanted her own place so she shopped around and found a nice little apartment about 10 minutes from campus.

What my daughter has quickly learned is having your own place costs money---especially if you like "new" and not "used" and you must do your homework before deciding on the best place for you.

Here are some of the things baby boomer parents can do to help make off campus life a pleasant experience:

Affordability
What can your college student afford? Help them evaluate their budget so they know how much rent they can afford without overextending financially. You might also suggest they consider a roommate, who can split the bills.

Utilities
Your college student should make sure they check to see what, if any, utilities are included as part of the rent. Sometimes landlords will pay for the water and heat for a tenant, whereas other landlords will not pay for any utili…