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College and University Discussion
Reply to "Reasonable allowance for college freshman?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My high achieving UMC kid is going on tons of merit scholarships to a state flagship, 30 minutes away. His tuition is free. His room is paid off. We will only be paying for his meals. So everything else he needs for leisure, entertainment, semester abroad, travel, necessities...will be paid by us. He also have access to our Amazon, paypal, uber, starbucks, macys, kohls, costco accounts. He will continue to be covered by our insurance. We also presented him a new Prius and pay for all associated costs. Going forward we will pay for grad school, contribute to his wedding, and help down payment to first house. We would give him more but we are basic UMC in DMV. He will only start paying for himself 100% when he can afford an ok standard of living. We do not expect him to live off Ramen noodles like we did when we were starting off. My kids are pretty cost conscious and frugal to begin with. Since they are reasonable, they are trusted with a credit card and a debit card. No need for a "reasonable allowance". Yes, it comes with stings attached. They know my expectation regarding their grades, behavior, habits and health.[/quote] Put this one in the DCUM hall of fame.[/quote] you're just jealous :lol: [/quote] Jealous that your kid can use your credit card at Kohl's?[/quote]
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