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[quote=Anonymous]You have to know your kid.  If you have the money, and you want to give them an allowance, then go for it.  If you have taught your child to be financially responsible before going off to college, then he will handle the money responsibly.

My parents paid for my college 100% and they gave me an ATM card to use for extras.  As far as I know it was "unlimited."  I didn't go crazy because I was not that type of kid.  I was always a good student and not a partier or crazy spender.  And I wasn't spoiled, although I realize I was very fortunate.  I did work every summer and winter term, but my job while I was in school was to learn and get good grades.  The day I graduated I was on my own financially.

I know not every family can do this, but if you can, it's not necessarily bad to do so, as long as your child can hanlde it.  Having said that, I don't know what an appropriate amount is.  Why not start off with a weekly or monthly sum and see how it goes and then adjust it from there?  [/quote]

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