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[quote=Anonymous][quote=Anonymous]Assuming no college loans to pay and kid is working a low-paying/entry level job in a high rent city like New York or San Francisco, how much do you cover financially? Rent, extras? Thinking ahead and would like to plan.[/quote]

My aunt and uncle supported their kids after college.  Son is 30 currently jobless and living at home but he’s going to tour the world for 6+ months with the money he “saved.”

My other aunt and uncle are covering my cousin’s (22 just graduated) expensive apartment in NYC while she ‘works’.  She also has a credit card with a limit, but I guess she constantly overspends.  I told them their daughter won’t learn how to budget or live on her own two feet unless they cut the cord.  She will know they will always bail her out.

I got 0 (my family has $ they just believe in hard work and independence) when I graduated and lived with roommates, worked my tail off and now own a beautiful home in a desirable area, have a wonderful family and great job.  I travel, and understand and have empathy for others and what things cost because I paid my own way.

My sister moved abroad after college but did it on her own for years.  My mom was so worried she offered to pay for her to move back, but she said no and made her own way.  A few years later she moved home got a great job and owns a condo she paid for herself in a HCOL area other than DC.

I know some parents who may help with the deposit or continue to pay for the cell after they graduate (I always had to pay for my cell phone, car, insurance, gas, etc), but everyone I know who got some kind of stipend from their parents had issues in life.

Either the parents can’t stop, want control over where they live, what they do, or they don’t launch because they didn’t have to struggle.  Or they assume things should be handed to them.  It’s never a good look.  Struggle is important, budgeting is important.  Standing on our own is important.  [/quote]

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