Allowance/spending money for college children
Just wondering how much money do you support your college children, tuition/fees/room and board, insurance (car and health), cell phone and spendin money? How do you educate/control their budget?
It seems to me that my dauguter who is on dean's list which we are very proud of is spending a bit more on socials. For example, she spends on average of $700 on socials - eat out a bit often than us. She lives in a dorm with meals provided.
I once saw on news that the average spending money for a teenager is $500 a month. If this is true, then my daughter's $700/month is not that outrages.
Any input is greatly appreciated.