Anonymous wrote:We give DD who attends college in Boston $1500 a month to cover food (outside of the
meal plan), transportation, and her extras like clothing, hair & nails, entertainment, etc. We fund everything else. So far, since August she’s spent all of it each month and doesn’t have anymore left by the end of the month. Our older kids, all boys, got the same amount of money, but there was always a lot left over every month. To me, $1500 is more than enough so, I believe she’s overspending. How much is your DD getting per month?
Anonymous wrote:$80 per month. We pay direct cost of attendance (tuition, dorms, meal plan), as well as necessities (school supplies, medicine, laundry detergent). She works an on-campus job and uses summer internship savings for anything else she'd like.
Anonymous wrote:Anonymous wrote:Anonymous wrote:All these posters are judgmental in ways that are unhelpful.
Yes, $1500 per month is a lot of money. But let's imagine she spends $250 per week on food (door dash or takeaway once per day, after tax and tip).
Then, it's $500 per month left: that's one set of highlights OR one pair of designer jeans, plus concession money at football games and ubers home from off campus parties.
So, OP, have a conversation with her about her budget. My guess is that she is going to spend every cent you give her. If you expect her to save/ have money for emergencies, discuss where she can reduce her spending.
This is a great comment because I genuinely can't tell if it's real.
PP: to be clear, I think it's crazy for a college student to be spending $350 per week on food. But some of them -- including many of the rich ones -- do. I think $200 jeans are not a necessity but many 20 years olds disagree. If OP's kid is hanging out with friends who have NO budget and can spend whatever they want each month, the DD needs to be made aware of her own family's situation and limits.
Anonymous wrote:Anonymous wrote:Anonymous wrote:All these posters are judgmental in ways that are unhelpful.
Yes, $1500 per month is a lot of money. But let's imagine she spends $250 per week on food (door dash or takeaway once per day, after tax and tip).
Then, it's $500 per month left: that's one set of highlights OR one pair of designer jeans, plus concession money at football games and ubers home from off campus parties.
So, OP, have a conversation with her about her budget. My guess is that she is going to spend every cent you give her. If you expect her to save/ have money for emergencies, discuss where she can reduce her spending.
This is a great comment because I genuinely can't tell if it's real.
PP: to be clear, I think it's crazy for a college student to be spending $350 per week on food. But some of them -- including many of the rich ones -- do. I think $200 jeans are not a necessity but many 20 years olds disagree. If OP's kid is hanging out with friends who have NO budget and can spend whatever they want each month, the DD needs to be made aware of her own family's situation and limits.
Anonymous wrote:That’s $50 a day every single day—if she also has a meal plan, that’s an absurd amount of money. What happens when her first job out of college doesn’t pay much? Will you cover her manicures then? I think you’re setting her up to be poor later in life if you’re not giving her a chance to figure out how to “live lean” now.
Anonymous wrote:My dd doesn't really have a budget. Yes, I pay for hair, nails, clothes, concerts, food, travel. Flame away, but I don't really keep track. She works hard, has her own money from jobs & internships, and saves/invests it all. She already has a very well-paying job secured (she's a senior). I plan on paying for pricey things as gifts after graduation. The DC area is filled with people who are loaded. I'm surprised this type of spending is shocking to anyone. OUr entire social circle continues to pay for everything for college kids and heavily subsidizes young adults
That's half of what I pay monthly for tuition//room/board. That's absurd. Will you continue to pay that after your child graduates? After they get a job? After they get married? When does it end? My kid would be embarrassed as hell if I offered him any money in addition to what I am paying for school. He has a summer job and then will drive for DoorDash for extra money.