You put the cost of meal plan in account and anything more she pays out of summer jobs she may not want meal plan but doesn’t get more. Also, should have an agreement about what happens to money if any leftover. |
Wow! |
+1 College is really scaffolded independence and your kids need to learn how to live on their own. When I was in college my parents paid the remainder of my tuition (after scholarship), books, car insurance and rent. It was my responsibility to get a summer job for food and spending money during the year. My freshman year was a tough one, bc I didn’t realize I couldn’t live the way I had in high school with my parents paying for everything. By senior year I figured it out. It’s generous that you are funding their food; I would give them a lump sum so they learn to budget and save |
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Bumping this thread up so as not to create a new thread.
Sophomore daughter moved off campus, shares an apartment with two roommates. I send her $350 biweekly to cover groceries, basic home goods like lightbulbs and TP, and utilities (they need to pay everything as renters except for water bill. So wifi, electric, and gas). Does this seem like sufficient money? She needs to use her own money to cover makeup, incidentals like coffees and meals out, and any trips or activities. I told her to think of it as about $400 for groceries per month, $150 for her share of utilities, and $150 for household? |
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One month in..
Roughly $100 weekly. |
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We're trying $200/month, plus the lowest food plan the school offers. So far that seems sufficient. We did stock her apartment with toiletries and things like laundry detergent and trash bags at the beginning of the year.
We aren't paying for coffees and meals out. |
This! |
| Our senior gets the cost of what the unlimited meal plan amount would have been each semester divide by five months plus additional $75 per month for allowance. It is around $750 per month. |
What a stupid waste of money. |
| We just gave them a credit card for living expenses. Some weeks it’s $50 and weeks they stock up on household goods it’s $150. |