My last post was how I decided it was easier to utilize credit card rewards than scholarships (in particular, really ridiculous applications for small dollar amounts).
Then, the in-laws came up yesterday to celebrate MM's Graduation. So I have some numbers in hand. They had brought up cards/gifts from that side of the family.
MH's Family: $670
(Mostly from Grandparents; some from Great-Grandparents and a Great-Aunt)
My Family: $0
(I will be shocked if MM receives even $1 from my family. I have by far the much bigger family, but they mostly don't seem to care that I exist. My parents just are not cash gifters.).
Because of the state of my family, I really just didn't have any idea what to expect. I thought MH's family was probably going to be generous, particularly his parents. But... I don't really have a frame of reference of what is "normal".
In fact, before this turn of events, I started to eyeball all my credit card rewards and thought I might just earmark them all (roughly another $2,000) for college expenses this year. I don't expect to need all of it, but would raid what I need for college set up type expenses.
In the end, if I add the $300 Target gift cards I have and the $755 credit card reward that I just did (I should get that cash any day)...
Grand Total: $1,725
Most of that will go to a laptop, the rest to dorm expenditures. I think this *should* cover everything. Will see where we end up. (Anything extra, we will let MM keep. I suppose it's plausible that he will have more gifts than expenses).
With the chip shortages and everything, we are leaning on MM(17) to pick out a laptop this weekend, so that it arrives in time for school. I probably should also set a hard deadline to make dorm purchases this month. It just keeps coming up over and over to plan ahead before popular items are sold out. MH just happened to notice the long lag time in laptop delivery; he was pricing laptops last weekend. I don't think we would have been this far ahead thinking about it except I was trying to decide if this credit card reward would cover a laptop purchase.
This is just one more step in ensuring paying cash for college *and* not touching college funds. At current, that is our goal for freshman year. Future years, depends on grandparent gifts and MH's employment. (100% will pay cash, no loans. But not sure how realistic it is not to touch any college funds). We had decided to pull dorm costs from college funds, but then we had stimulus and unemployment monies to cover Freshman year, in addition to a free-tuition scholarship. So we have gone back to Plan A, cash flowing everything.