Reply to Budget/ Spending $$ for college students

Forum Index » College and University Discussion

Reply to "Budget/ Spending $$ for college students"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Whatever our DS makes in his job, he puts into his Roth up to the maximum. We give him spending money, not a monthly amount but about $1000 during three quarters. He lives in the dorm and has a meal plan and no car so he doesn’t need much.

We are glad to help him save his earning to fund his Roth.[/quote]
We do the reverse. We pay into his roth based on how much he earns. Earn more; get more.  He will have money left over from his 529 because he also got some merit aid. We are going to rollover that amount into his roth.

Aside from that, we don't give him any spending money.  He works, and manages his time and money very well.  He said  he feels grown up and like it's an accomplishment to be able to pay for his own entertainment and buying stuff (which he had been doing since he was 16).

He's getting straight As in college in a STEM degree.  Super proud of him.

A lot of his friends have jobs in college. IMO, that is not outside the norm.  Both my spouse and I also worked in college.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics