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Reply to "College student spending of mom and dad's money"
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[quote=Anonymous]We had each child get their own credit card that they were responsible for paying. I think the limit was $1,000. At first, DH would go over it each month with them, and transfer over what we would pay. We paid for transportation to and from school, books, toiletries (we had boys and these were minimal), other school supplies. They were responsible for paying for their own spending money. They knew this from middle school or so? We were somewhat flexible, for example, one summer one had a non-paying internship and we “paid” them something so that they would have spending money for the next school year. It was the summer of 2020 and they had had a paying internship that was cancelled due to Covid. They were rising seniors and were able to cobble something together that was related to their major. Others we know, gave a monthly stipend/allowance and their student had to stay within that. [/quote]
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