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College and University Discussion
Reply to "spending money"
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[quote=Anonymous]Weirdly enough, $400 a month sounds low to me. When I was in college, I started the year off with $3000 from summer jobs and that was sufficient for every year but senior year (when renting a Selectric for a semester to work on my senior thesis busted my budget). As the Selectric reference no doubt suggests, this was a long time ago and in an era where kids didn't have credit cards. Given that I must have spent $300+ a month then and wasn't doing anything extravagant (but wasn't feeling cash-strapped either), I'm guessing the $400 isn't the whole picture. At any rate, I'm wondering whether you're sending kids to school with credit and/or debit cards as well as cash and whether things like textbooks and transportation home come out of the $400 or whether they get put on a card or paid by parents in some other way. The other thing we'll be figuring out is whether we do a lump sum for the school year or per semester vs. monthly or as-needed infusions. Because it was summer earnings, I had the lump sum scenario and I thought it imposed a useful discipline. DH, whose family lived much closer to school and saw him regularly during the year, had kind of random infusions. I think that would have made me crazy, but it didn't bother him.[/quote]
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