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Reply to "Sending teen to college-a few questions "
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[quote=Anonymous]I think you are right to have her keep savings in savings (provided this is affordable for your family). Good to learn about the concept of savings and put it in action - too many people never learn about savings - just know how to spend. I would give her a monthly budget (start with $150 ish) that you can tailor depending on her major (may need art/science supplies etc). Make it an ongoing discussion - touch base every couple of months. That’ll you can adjust as needed and teaches her to think about budgets and review budget/spending vs. Autopilot. This monthly allowance will be replaced by a paycheck once she graduates and gets a full-time job. [/quote]
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