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[quote=Anonymous]Our DD is a high school senior and we have told her she will be responsible for her own spending money in college. We are picking up tuition, room and board, books and fees, and sorority dues if she wants to join one (but not the clothes and other expenses that go with belonging to a Greek organization, which are significant). We have advised her to save at least $2500 before freshman year, and she should budget about $250/month. I suspect she will fly through money her first few months of school, but can (and should expect to) get a seasonal job over Christmas to refill the treasury. We won't be paying for spring break trips or clothes - she has a lot of clothes and we will make sure she is stocked with basics before school starts. If she wants more money, she can get a job or find babysitting gigs in her college town, or work and save more over the summers. It won't be easy for her but the intention is to make her financially responsible and self-sufficient, and to recognize needs vs wants. [/quote]

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