Reply to Appropriate Allowance for Freshman in College

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kids saved their money from summer jobs to use for play money and school supplies during the year. That was the expectation. We gave them a little bit here and there if needed but the majority of their fun money was money they earned themselves. No allowance [/quote]

Same with ours and what was great was that they used their own money wisely. If you send your kid $500 a month they are going to party and piss away your money. Then they graduate and hope that the $6000/year subsidy will continue. [/quote]

NP here. I got 1k to cover rent for off campus housing, utilities, food, and all other expenses. My parents definitely screwed up since I have a terminal degree and a solid career. They screwed up so much that I learned to budget and save. Totally sucked. I will do the same for my kids.[/quote]

I'll say it again -- if my kid earns a college degree and can't get a job that allows them to spend $500 a month after paying their rent, there's definitely a much bigger problem.  And it won't be because my kid got an allowance in college.

Besides -- almost every one of these "they have to earn it all themselves" posts is full of caveats -- "we gave them a little bit here and there," "they buy toiletries, etc from my Amazon account," "I send them with a stock of snacks," "I buy all their clothes," etc etc.   These parents are subsidizing the lives of these students, they're just not doing it in a set monthly amount.  How is that better?  I'd rather give my kid a set amount of money and let him figure out how much things like clothes, toiletries and snacks really cost and learn to budget and make choices.  [/quote]

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