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College and University Discussion
Reply to "Spending money in college"
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[quote=Anonymous]I added each of my DDs to a credit card. After the first semester, we sat down and went through spending habits and adjusted from there. Neither abused it. They both have upper 5 figures in their brokerage accounts because I don't make them spend their job money. Compounding interest is a powerful and important lesson. One went to school in a big expensive city, the other goes to a suburban type environment near a small city. Unless there's a financial need, don't be stingy at first. Let them feel their way around and see what they end up being into.[/quote]
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