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Adult Children
Reply to "College student - credit cards, limits, Ubers, food "
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[quote=Anonymous]The parents who respond here on these threads always tend toward the "never give your kid a penny or you'll spoil them" crowd, never mind that I don't know anyone like that IRL. My DC has a certain amount of $$ deposited in his account from his fund at the beginning of the semester on top of his tuition and fees. He charges pretty much everything to a credit card linked to my account, and I transfer $$ from his checking to mine to pay it off each month. He doesn't really have a specific budget each month, but his spending on everything (incl. books, toiletries, cabs from the airport, etc) has averaged anywhere from around $300 to $750 a month. (Note -- he has a car, so he doesn't use Uber very often, and he'd definitely spend more if he did). He calls me if he's going to spend on something unusual. So far, he's been very responsible and I have no concerns. [/quote]
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