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Reply to "College student - credit cards, limits, Ubers, food "
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[quote=Anonymous]I have a college kid in a major city. My DC is a junior living off campus. No Meal Plan. The expenses did get a little out of hand for a little bit, so here's what we did: Debit Card - DC gets 600 twice a month. Any groceries, amazon purchases, door dash, going out, restaurants etc have to be paid out of the allowance Taught how to use a Credit Card. The credit limit has increased because of responsible use. So I think the credit limit is now like 2500. BUT. I taught DC that every time they use it, they have to pay it off with their Debit Account. So learning how to money manage, take advantage of cashback etc. Reminded DC that it is far healthier to eat at home, cook healthy meals, and also cheaper. DC is doing this and it helped to get the expenses in line. For the most part, DC stays on track. We pay for all ubers on the family account. I never want DC to feel like they cannot get a ride when they need one in the middle of the city or the middle of the night. We also pay for club dues, ski trips, and spring break. [/quote]
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