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College and University Discussion
Reply to "How much allowance money do you send your kid each week/month at college?"
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[quote=Anonymous]My kid is very responsible. I don't give her an allowance per se. She has a credit card, which is linked to mine. When she needs something (like shampoo), she charges it and I see the bill. She seems to have great internal judgement about stuff she wants but does not need. Or like a gift for her friend. She pays those from her debit card (which is linked to her summer savings). I have always felt that that is fair, and she has not taken advantage of the situation. (Note that when she landed good summer internships, we discussed a fair breakdown of the earnings-which included her chipping in a percentage towards college costs. That was not necessary, but I wanted her to learn how to break down costs into savings, responsibilities, fun, even retirement.)[/quote]
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