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Adult Children
Reply to "Getting your adult kids "off the payroll""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I am confused about 529 paying for haircuts and beauty things[/b]. The way we do it with our two in college is we pay for tuition, meals and housing. If something else is a true need they have an Amex for that purpose: books, ds's haircuts at campus barber, cough drops, gas to come home, things like tampons and pads for dd, a new charger...They are very good about not using it without asking if they need a larger item like for instance ds needing a new jacket. For any "fun" spending, they have a $100/mo allowance. Dd is working on campus so she doesn't even need it and told us we don't need to give it to her, but we do for the sake of equity: DS has not found a job yet so he is perpetually up to $100, down to $65...He's been sending out resumes so hopefully he finds something. Having no fun money is a good motivation.[/quote] Me too. I didn't think 529s covered these kind of personal expenses.[/quote] Rent, food can be, not hair cuts.. [/quote] Like there’s anyone left at the IRS to police this…[/quote]
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