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Reply to "Sending teen to college-a few questions "
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[quote=Anonymous]They're going to have expenses - toiletries, personal care, miscellaneous school supplies, etc., plus the occasional pizza night or movie, that sort of thing. We provide $100/month to our college kids during the school year for this kind of thing. Any larger expenses like nonessential clothing, leisure travel or a concert or something that won't fit in their $100/month budget, they have to pay for that out of their summer job savings. As for banking, our kids carry two credit cards - one is our account that they use for textbooks or anything else that is cleared in advance such as a plane ticket home or essential clothing that we decide to pay for. Then they apply for and get a student credit card from the on-campus bank or credit union that they use for their own expenses to build credit (they use that $100/month to pay that off). I watch it to make sure it is paid in full each month. Hope this helps.[/quote]
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