"Don't be an ATM for your college student. Before they even pack the car or head to the airport, discuss how much you are giving them and when you'll give it to them. Level set now to avoid the defensive position Sunday night when your son is blowing up your phone begging for spending money (or worse, paying off sports betting debt)."
"I recommend putting money into the account 2x/month. Put it on them to create a budget which factors in their books, fun money and any other expenses. I also recommend a set limit for credit cards and regular (maybe monthly) checking on spending habits. Don't wait till spring break or the end of the semester to have tough money conversations."
Set clear money boundaries before the semester starts by deciding how much financial support will be provided and when funds will be transferred. Require the student to build a budget covering books, fun money, and other expenses, set credit card limits, and review spending regularly. Audit and organize personal items such as clothing, car, computer, and backpack, while parents nudge but do not take over. Put all appointments and important tasks on a shared calendar to create predictability. Plan routine maintenance and health appointments in advance. Emphasize process, support, and realistic goals to maintain progress through finals.
Read at Psychology Today
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