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Reply to "College student spending of mom and dad's money"
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[quote=Anonymous]My teens got their own credit card at 18, no co-sign no sharing account. They are responsible for their phone, clothing, shoes, food outside of home, cosmetics. They have jobs at college and over summer. One has friends who spend parents money like water and she had to advocate for herself and the frugal option. If I were you, I’d encourage them to get their own card and don’t bail them out. It’s a very important lesson to learn to budget! [/quote]
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