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College and University Discussion
Reply to "Spending money in college"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Books? Backpack and school supplies? Toiletries? Laundry Money? Car Insurance? Phone Bill?[/quote] NONE of that is "spending money". [/quote] That’s the thing. It’s all in how you define it. Some here say they don’t give their kids “spending money,” but then say they “of course” have access to the Amazon account and they load them up on toiletries and snacks when they visit, etc. Learning to budget is important, but my view is that it’s easy to not spend money when you don’t have any. It’s harder to learn to not spend money that you do have. We transferred $4,000 to DC’s checking account in August and he paid for everything (books, toiletries, snacks, sports tickets, restaurant meals, etc) and he had over a $1,000 left over at the end of the first semester. In addition to what is included in the category, a lot depends on where the college is. A kid in a small LCOL town is going to spend less than a kid in NYC. [/quote]
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