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College and University Discussion
Reply to "How much does your child spend at college? "
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[quote=Anonymous][quote=Anonymous]No idea. Both my kids went to state schools and have access to our Amazon, Google Pay, Uber, Starbucks, Kohls, Macy's, JC Penney, Lands End, Old Navy accounts...and credit cards linked to their bank accounts. Both are super frugal. Both also earn money through internships and invest it. Both have great friends who are also super frugal (by choice and/or by circumstance) so they do not feel compelled to spend a crazy amount. They and their friends do spend on budget travel -internationally and domestically. We pay for every single thing. They need to save and invest everything that they earn, and they do. Some goes in Roth and then some goes into investing. [/quote] Same. It’s easy to live on nothing if you have no choice (I know, that was me in college). It’s harder, and more important for their future life, to teach a kid to be frugal by choice and not spend money that they have. Unless something dramatic happens, our kids are going to inherit substantial amounts of $$$. I need them to know how to handle that when it happens. In any case, if a kid can’t net $2-3,000 a month to sustain their lifestyle after graduating from college, something has gone terribly wrong. (FWIW, we have two older children who are fully launched and doing great, without any subsidies from Mom & Dad, so it’s worked so far). [/quote]
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