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Reply to "College student spending of mom and dad's money"
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[quote=Anonymous]We pay rent and give them a budget (cc) for food. The budget is $500/mth. When home I cook if they want to eat out they use their own money. If I say “I didn’t cook tonight” they use my money to get food or eat left overs. If they need extra that is out of their budget which is usually concert tickets/sports tickets and/or golfing they ask if they can use my credit card and I usually say yes. Sometime they pay for that themselves, sometimes I pay. My son graduated last year and had a job until he was laid off in February. He had money saved to cover 6 months of bills. Now he has about 3 months of a buffer and we offered to buy his new clothes for his new job since the new job is more formal. Everyone has different budgets and relationship with money. Do what you think is right but be cognizant of how your relationship with money will affect your decision.[/quote]
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