Reply to Appropriate Allowance for Freshman in College

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Pp here. Your last sentence proved my point and tells you that you don't get budgeting:

Rent 350
Utilities you set up yourself 150
Groceries 200
Spending: 250 (clothes, toiletries, entertainment)
Savings: 50

Where is the spoiled kid here? This was ages ago but I went to an affordable school with cheaper off campus housing. I learned how to set up my own utilities and interact with a landlord. It was thr nest gift. So you all can crow about how you will put your kids in dorms with their full meal plan but they are just being coddled since they don't have to plan much.i always had money at the end of the month, so really learned to budget and save.[/quote]

DP here. Many schools require on campus dorms and a meal plan for freshmen if they are not living at home with parents. This is why this discussion is targeted at freshmen. None of this precludes the kid from developing their own financial management skills. Using that as an excuse to not provide kids with an allowance is irrational. [/quote]

Pp here. I do agree with you and understand some schools require it--shoot some places require it all four years--but it seems like people want to find excuses not to give their kids money. There also seems to be a lack of faith in their kids or people just have failed with parenting skills. They seem to have this idea that their kids are running around drinking beer and doing weed. [b]I know this is a common narrative but young people tend to be way more responsible than we give them credit for and these judgements are clearly more of a reflection of the posters rather than young people.[/b] [/quote]
yes, my kids are very responsible. that's why they make their own money  :thumbup: [/quote]

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