Jul

20

Those Lucky Empty Nesters!

Posted by maureen

July 20, 2007 |

Being an empty nester brings a whole new mind set : there are somethings you should know, somethings you should avoid and somethings you should embrace:

Whenever you get teary eyed or nostalgic and miss the kids just remember:

The cost of raising a child in 2007 is $658,582

For the academic year 2006-7, the average cost of tuition, for room and board at a public university was $12,796; for a private school, the total averaged $30,367

If you brought your kids a car
2007 Honda civic
MSRP Range: $15,610.00 - $22,600.00

And think of all that gas money they needed!
Average cost of gas is $3.00 per gallon

The Bridal Association of America estimates the average 2007 wedding will cost $27,710.

This shows something to avoid as you move into the empty nest years!

Oh, No!


Things you should embrace:

Life expectancy is 78 (up from 66.8 years from when I was born!)

For the years 1990 through 1999, the average stock fund gained 23.6% per year. $10,000 invested grew to $83,194
The S&P 500 gained an average 28%, and $10,000 invested grew to $118,074 in the same 10 years

Dow Jones’ hit it’s all-time high on 1/14/2000: 11722.98

Graduation speeches were invented largely in the belief that college students should never be released into the world until they have been properly sedated.”
—Garry Trudeau
Our childhood is what we spend the rest of our lives overcoming.”
—Amy Bennett
“Home is a place where teenagers go to refuel.”
—Unknown
You know your children have grown up when they stop asking you where they came from and refuse to tell you where they are going.”
—Unknown


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