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Adult Children
Reply to "College kids and money "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]None, they work during the summer for their spending money[/quote] Yup. We are determined that he won’t have student loans for undergrad but can’t give him money every week/month.[/quote] OP-I am really torn. We could easily give him more money because he picked a college that gave him incredible amounts of merit aid, reducing tuition to a very small amount. But I am concerned that if we give him more, he will never learn to budget...Or maybe giving him a bit more will enable him to save? I am really not sure what to do here. We could easily up the allowance to $200 v. $100/mo BUT I would be pretty annoyed if he spent it on silly things.[/quote] Why don't you ask him to put together a monthly budget of what he needs money for and then agree on what kind if things you will pay for...that way you can tell if he has legitimate expenses that are not covered and be clear with him of the kind of expensese you do not think you need to cover....(my kid did this the first semester this year when he was in an off campus apartment for the first time. we were able to agree on an estimated amount for food.)[/quote]
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