Reply to College student - credit cards, limits, Ubers, food

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[quote=Anonymous]I pay 100% of all ubers - I want my kids to feel like they aren't pressured to drink and drive and I don't want this to be a financial decision. I can afford it and they have my credit card on that account.

After that, my kids have an allowance - if you think the allowance is too low, you can discuss it being higher, but we have an allowance based on actual costs. One of my kids is an athlete and his meal plan is only 19 meals (they presume 2 meals on weekends). But he needs to eat more than that so part of his allowance is a guess about cost of those extra meals, etc.  I factor in what I think he should need. That's all he gets - so if he wants more he needs to use money he earned last summer and this summer, he told me he will work more since he wanted more money for going out and taking his girlfriend out to dinner, etc.  I give my freshmen DS his allowance monthly, my older DS gets it by semester since I'm trying to teach him to budget.

Both of my kids also have my credit card for emergencies and they do not use them except for when I say so---usually it's to buy pre-approved clothing or flights home, etc.[/quote]

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