University & Money: When Do We Cut Them Off?

How much money are we actually supposed to give our kids when they go off to university? We’re paying for tuition, residence and meal plans, and somehow they still need money for Uber Eats, clothes, nails, groceries and pretty much everything else. How much allowance is reasonable? Should we be giving them a set amount or letting them figure it out themselves? We also get into credit cards, debt, and the things we wish we’d known at their age. Because at some point, we have to stop managing every dollar for them and teach them how to manage it themselves. But how much is too much, and when do you cut them off? We want to hear what you’re budgeting for your kids each month and how they’re making it all work!

Keywords

university expenses, student budgeting, financial independence, parental guidance, student life, money management, university costs, financial literacy, student habits, budgeting tips

Key topics

University expenses and costsStudent budgeting habits and habitsParental guidance on financial independenceRealistic spending for students living away from homeLessons in financial literacy for young adults Hosted on Acast. See acast.com/privacy for more information.