Reply to Parents, How Much $ Did/Will You Allocate for Allowance?

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[quote=Anonymous][quote=Anonymous]I'm glad to see that the pps appreciate their parents' support during college. DH and I had minimal support in college and both worked 20 hrs/wk and were full time engineering students (parents had no money and many more kids at home). It was sheer hell. We dreamed and planned that our own kids would not be forced to work during college, we would provide reasonable spending $, and they'll graduate debt-free from the college of their choice.  Now we're just trying to calculate how much is "reasonable". [/quote]

I have the same dream. I supported myself all through undergrad (moved out from a bad home situation but did not get any financial aid, so couldn't just live on campus). I spent all my time working full time and studying. While I graduated summa cum laude, I didn't make many friends and generally had little fun. I want my kids to enjoy college, make lifelong friends, build connections, and explore extracurriculars. I'm not going to be penny wise on a modest allowance and pound foolish by spending money on tuition/room and board and then not maximize their ability to take as much advantage of it they can. That said, I imagine giving something reasonable but absolutely not lavish. [/quote]

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