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Adult Children
Reply to "College kids and money "
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[quote=Anonymous]I give $50 per week. We Pay for tuition and room and board and books and transportation to and from school on break. my DD is expected to pay for everything else. Spouse thinks the amount should be $0-$25 (use summer job money- I think she should start saving for post college years - first and last months rent sort of thing) but I think spouse would agree to pay for activities instead of requiring her to budget. Spouse sees the value in requiring her to manage her money and think about future planning so spouse acquiesced. One factor that influenced the amount is that due to sports, DD has to pay her living expenses on winter break. It’s not a big hardship but it is my way of trying to teach budgeting. I think this is a tougher issue than just allowance. At some point we need to teach our kids to plan for the future. I picked now. [/quote]
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