Anonymous wrote:My 20 year old is home from college for the summer. We share our credit card with her for various purchases while at school, but now feel like she's spending too much of OUR money and not earning enough of her own. Any guidance on how families deal with providing financial support to their college students? I'm having a hard time figuring out the guidelines. We can afford to support her in all her desires to go to Chipotle, Starbuck, Chick Fila, Sushi, etc but don't want the purse wide open since that's not a good lesson in life. What do other families do?
Set a budget and stick to it.