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College and University Discussion
Reply to "Spending money for a freshman"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Hey OP, I asked this question a while back. Tried to find the thread to share the link, but it's buried deep. Basically, it's ALL over the place. Some parents are like "he's 18 he's on his own," and some are like "kid has our credit card and spends $5k a month and we don't monitor it." I came away from that as I always do ("who ARE you people and who hurt you??") and figuring I'd provide around $500 a semester, in addition to paying for housing and meal plan and fees that cover local transportation. [/quote] Thanks! I'd like to come somewhere in the middle as well. Not a free for all, but I assume we'll cover some things. DH's parents made him pay for his dental work in college - including wisdom teeth removal! - which seems nutso to me. One thing we will do is no questions asked Uber after dark - since it is an urban location, I don't want him to walk or take public trans if it isn't safe. I trust him not to abuse this.[/quote] Yikes, your poor DH! Some random things I want and don't want: I don't want my kids to have enough money to be taken advantage of. Like everyone assuming they'll pick up the tab. I do want them to have enough that they're not always missing out on fun college/ learning/ social experiences. (That was me in college. The sadness of having to sit out a trip to the city with my art professor and a cheap beach weekend with friends has stayed with me.) I don't want them to feel like it's a perpetual parental money spigot. I do want them to feel cared for. I do want them to feel motivated to earn their own money because they know mine is not endless (we're already there-- they worked some in HS and both have summer jobs) I don't want them making false economies. I do want them to learn to make smart spending decisions, delay gratification, budget, get a sense of value. (Eg, $40 tickets to a club show with friends? Yes! $400 tickets to a stadium concert? Noooo) [/quote]
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