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College and University Discussion
Reply to "College student monthly budget "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Kid is going to start college with about 13k in his account from working 4 summers as a lifeguard. We will be dolling it out in about $200/month increments. He will have a full meal plan, no car (not allowed on campus), and other minimal expenses. [/quote] I’m struggling to understand why you are controlling your college student’s earned money.[/quote] An 18y old with 13k in his bank account thinks he is RICH and will spend it like he is (right now in HS he uses his saved allowance money for 'fun' money and since getting a car and a license has blown through a several hundred this summer on chipotle, panera, cava, etc.) That 13k could go in a year. As he gets older, we will loosen the reigns on it as he matures. I have talked to several families and we aren't the only ones doing this.[/quote]
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