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College and University Discussion
Reply to "Reasonable allowance for college freshman?"
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[quote=Anonymous][quote=Anonymous]It really depends on the kid. My two teens were raised the same, but have opposite attitudes about money. DD is a spender and I fully admit I haven't done the best job at teaching her to budget. So she will be getting $100/week to start and once she's handling that well, I'll switch to giving her a monthly allowance. It will have to cover her many "wants" (extra clothes, going to movies, eating out) and I will continue to cover needs like books, essential clothing, etc. My younger child rarely spends any money and will probably be fine with $200/semester (and have some left over). You have to parent the child you have.[/quote] Why wouldn’t you give the non spender more money too so they can save some. Maybe the other one will realize after college they need to budget when their sibling has saved enough for a down payment on a house and they wasted it all on liquor and cheap clothes.[/quote]
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