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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is a strange dichotomy on this board.  One group wants to give their kids everything and the other group wants them to pay for their own braces.  I got a reasonable allowance while I was in college and will be giving my son one too.  Guess what, I turned out to be very successful, I doubt the allowance had anything to do with it one way or the other. To the original posters question: I am giving my kid $500 a month at a rural school.  PS I also paid for his braces. That kid sure had it easy.[/quote]

I think that's fine for 1st semester freshman year.  But I would hope that by 2nd semester senior year, the allowance has stopped.  I think there needs to be a gradual phase out of mom and dads money and a gradual phase in of money a student earns.[/quote]
I'm happy to let my kids get through college debt-free and without a requirement of a minimum wage-paying job. Now the debt-free college graduate can make it on his own and within his own means. And yes, we paid for their braces too. [/quote]

That's great.  But when does the child learn about work ethic?  And when do they learn that sometimes a 40 hr/ wk job isn't enough?  What about the newly minted teacher in this area who has to work full time, prepare lessons, grade papers, AND work as a waiter/ waitress to make ends meet?  When as a parent do you begin to tech your child real life skills?[/quote]
Their trust funds kick in at age 25. They'll more need to learn how to handle money. [/quote]

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