Reply to How much money do you give your new college grad a month to get started?

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[quote=Anonymous][quote=Anonymous]DD, who graduated last year, is currently not speaking to me because the Bank of Mom and Dad is not available to her.  We told her that we paid for college, so she has no loans, we paid for a car, so she has no car payments, and we are still paying car insurance and health insurance.  We were very clear that if she wanted to keep living in the city where she went to school, then she needed to fund her living expenses, but we did give her the remainder of her college funds (about $2500) so she would have a $500/month "cushion" for the first few months.  DD was also not responsible regarding utilizing her college career office and said that she just wanted to waitress for awhile to "relax".  Flash forward a year and DD has not made progress towards career goals because she is too busy scrambling with waitressing/pet-sitting and other minimum wage jobs trying to make rent.  She simply cannot afford to live where she lives without making radical changes in her lifestyle (less going out, cheaper neighborhoods, get roommates).  We have made it clear that she can move home and save money all she wants---our doors are always open.   So far she has not wanted to do that and we are just going to leave her alone until she figures it out.   It has really torn us up but like some of the PP above, I have seen the deleterious effects when parents over-subsidize their young adult kids.  [/quote]

Good thoughts to you.  Another zero here for all same reasons.[/quote]

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