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Reply to "How much money do you give your new college grad a month to get started?"
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[quote=Anonymous]$1000 graduations gift and allow them to stay on cell phone plan. Healthcare plan until they get it through their own job. Help out with grad school tuition if there is a clear path to financial independence after grad school. That’s what my parents did and now we are all home owners in high COL area with good jobs. I’ve seen too many examples of young adults unable to live within their own means after parents financed them. My cousins who went to excellent universities but chased impractical careers in their 20s while parents were financing. Now one is a SAHM but seems resentful about it, the other is in grad school in her late 30s. My SIL who has a prestigious job but can’t cover her expenses in an expensive city so parents are helping out even though she’s married with kids. [/quote]
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