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Adult Children
Reply to "College kids and money "
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[quote=Anonymous]We've tried a few different moves, but something that worked great for one of my very independent kids after they moved out of the dorms was just to say "Hey, this is the amount we have budgeted for the year. With that. We need to pay your tuition directly to the school. But whatever is leftover you can figure out for housing and food and then if there is anything left it is yours." In August we put the full amount in her bank account and she budgets for the rest of the year. When we needed to pay her second semester tuition bill in December, we withdrew the money from her account (yes, it helps that we all have linked accounts, and it wouldn't work if we didn't). Just an idea we had that seemed to work well for a kid who wanted more independence. If she runs out of money, she had better find a job.[/quote]
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