Obama recently gave some advice: if you are saving to send your children to college you should probably stay out of Las Vegas… or something like that.
Predictably he got criticized, by Las Vegas for hurting their business and people on the right who don’t think he should be telling folks what to do. And, if he does, he should practice the frugality he preaches to others with our money.
Well, maybe it wasn’t his place to say that, but I agree with him.
So I will help him out as no one can go after me: If you are saving money to send your children to college don’t fritter it away in Las Vegas. Unless you can well afford it.