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Money and Finances
Reply to "College Aged Child Overspends"
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[quote=Anonymous]I mean. I don’t know why the posters are saying the child “can’t handle credit.” They DID handle credit. They made a bet that the parents would come through, and it worked out with no apparent consequences. Whatever you do OP, give this child real parameters that you will stick to and real consequences. I think extending them credit that you have bailed out in the past would be unkind, frankly, even if you’ve warned them. Chances are good your kid will open their own credit card and run into problems. If you’ve said you won’t help them, don’t help them. There are worse problems than a low credit score. I would argue for giving them a semester lump sum for food and such and letting them manage it, but ymmv. [/quote]
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