Anonymous wrote:Zero.

If they get cancer or need some emergency dental surgery or something, then yes I would help out.

But a perfectly healthy college grad with no student loans? Get a roommate and a subway card and a job that covers expenses.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Honestly every situation is different. My kid goes to a private in an expensive city and some of his friends only have what they make/made in summer and some have unlimited use of their parent's credit card. In our case, he gets 1k/month in spending money. Half from me and half from exh.

You're answering a question that wasn't asked. OP's kid is not in school.

Oh yes, I misread.

To be fair, of course you did, it’s a stupid question.

Why are people asking how much money other people are sending to employed college graduate adults?

Zero. Live within your means. Don’t like it, work to get a better job.

Anonymous wrote:I’m planning on helping DC after graduation. They will likely live on one of the coasts and rent is high. Im thinking first last security some basic furniture and then 1k per month and ween them off as their income increases. I’ve already paid a guzzillion dollars to put them through 20 years private schools and college, why would I make them suffer now?? They just need like 3 years before their income rises to level of fully supporting themselves in a big city. I’m okay with that.

Anonymous wrote:I would ask them to send me their budget and then work from there. This can be adjusted monthly or quarterly.
If you give too little, they may go in debt. If too much, they may get into habit of overspending.
If they bring in $3500 after taxes and rent is $2000, the rest is seems like perfect amount for living within means.

Anonymous wrote:Mine is a senior so we have been thinking about this. She will not be making big bucks because of the field she has chosen. Our support will be in the form of letting her move home for a while until she can find a safe and affordable living situation. We hope she will use that time to save her income. We won’t pay rent if she moves out (though we will always be a safety net in an emergency like a layoff or serious illness). For graduation we will probably make a few thousand dollar down payment on a car for her. She will need a car to have a job as we have no public transportation option walkable from our home and if she rents she will probably have a very long commute. Otherwise, we will help with essential medical expenses.

Anonymous wrote:

Anonymous wrote:DS is moving out right now. We helped him buy a car and he has no loans so that makes things a bit easier. I said he could stay on the phone plan if he wants. We are giving him the furniture in his bed room. I'll probably pay for his trips home for a while? Hoping that is about it.

My mom always helped pay for plane tickets home when everyone was in their 20s and poor. She wanted them to visit and for it to not be a hardship! It's definitely a nice way to grease the "please come visit" wheel. As long as you're nice about it...

Anonymous wrote:Assuming no college loans to pay and kid is working a low-paying/entry level job in a high rent city like New York or San Francisco, how much do you cover financially? Rent, extras? Thinking ahead and would like to plan.

Anonymous wrote:

Anonymous wrote:My parents paid for college and then gave me zero after. My oldest is entering 9th grade, but I think that's my plan too.

+1
My parents did not believe in economic outpatient care and neither do I. This is an absolute essential to generational wealth building and continuity.

Anonymous wrote:My parents paid for college and then gave me zero after. My oldest is entering 9th grade, but I think that's my plan too.

Anonymous wrote:

Anonymous wrote:DD, who graduated last year, is currently not speaking to me because the Bank of Mom and Dad is not available to her. We told her that we paid for college, so she has no loans, we paid for a car, so she has no car payments, and we are still paying car insurance and health insurance. We were very clear that if she wanted to keep living in the city where she went to school, then she needed to fund her living expenses, but we did give her the remainder of her college funds (about $2500) so she would have a $500/month "cushion" for the first few months. DD was also not responsible regarding utilizing her college career office and said that she just wanted to waitress for awhile to "relax". Flash forward a year and DD has not made progress towards career goals because she is too busy scrambling with waitressing/pet-sitting and other minimum wage jobs trying to make rent. She simply cannot afford to live where she lives without making radical changes in her lifestyle (less going out, cheaper neighborhoods, get roommates). We have made it clear that she can move home and save money all she wants---our doors are always open. So far she has not wanted to do that and we are just going to leave her alone until she figures it out. It has really torn us up but like some of the PP above, I have seen the deleterious effects when parents over-subsidize their young adult kids.

This is your fault for allowing her to move to an expensive city for college in the first place.

Anonymous wrote:DD, who graduated last year, is currently not speaking to me because the Bank of Mom and Dad is not available to her. We told her that we paid for college, so she has no loans, we paid for a car, so she has no car payments, and we are still paying car insurance and health insurance. We were very clear that if she wanted to keep living in the city where she went to school, then she needed to fund her living expenses, but we did give her the remainder of her college funds (about $2500) so she would have a $500/month "cushion" for the first few months. DD was also not responsible regarding utilizing her college career office and said that she just wanted to waitress for awhile to "relax". Flash forward a year and DD has not made progress towards career goals because she is too busy scrambling with waitressing/pet-sitting and other minimum wage jobs trying to make rent. She simply cannot afford to live where she lives without making radical changes in her lifestyle (less going out, cheaper neighborhoods, get roommates). We have made it clear that she can move home and save money all she wants---our doors are always open. So far she has not wanted to do that and we are just going to leave her alone until she figures it out. It has really torn us up but like some of the PP above, I have seen the deleterious effects when parents over-subsidize their young adult kids.

Anonymous wrote:DS is moving out right now. We helped him buy a car and he has no loans so that makes things a bit easier. I said he could stay on the phone plan if he wants. We are giving him the furniture in his bed room. I'll probably pay for his trips home for a while? Hoping that is about it.

Anonymous wrote:zero. We pay for her housing and a meal plan. Anything extra is on her. She has no job, but has savings from her summer job. I expect her to start making these decisions on her own.