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Tweens and Teens
Reply to "How much spending mo why do you allow your freshman college student? "
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[quote=Anonymous]Wow - you are more than generous. I do tuition (they have some loans), room and board, and pay books and some Amazon supplies. At the start of the semester I gave them $500 fun money. One used it all, one used barely half. My friend gave her son 3x that and he ran through it in no time and cried poor mouth until she gave him more. At my suggestion she now parcels it out monthly. My kids have their debit cards linked to their own accounts. They have enough savings balance to cover emergencies or needs. If I deem it a real need/ emergency, I will transfer money ahead of time or reimburse afterwards. If their "need" is not my definition of need - well then they just spent their own money on it![/quote]
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