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How much do you give your Kids at Uni

  • esox11
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23 Sep 13 #408115 by esox11
Topic started by esox11
I havent a clue how much to give mine?

She started uni this week. Has a room in a student flat. Catering for herself.
I have stopped the payments for CM to my S2BX and was going to transfer it to my daughter instead. Mum can then charge her house keeping if she wants too.

Daughter is looking for a job too.

What do they need to get by? I am hoping she will save some money towards her loan pay off. I will be doing same.

So what do you give yours for living costs?

  • MrsMathsisfun
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23 Sep 13 #408118 by MrsMathsisfun
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How long is a piece of string!

Maybe between you, do a spreadsheet of costs and income and see what the shortfall is.

Student life appears much cheaper than ''real life'' and however little income they have they seem to still find money to go out!

  • WhiteRose
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23 Sep 13 #408126 by WhiteRose
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Have a look here about what Martin Lewis says about Student Loans:

www.moneysavingexpert.com/students/stude...tuition-fees-changes

I''m not saying your daughter would be like this, but I can remember living off pot noodles and using the cash for nights out (not that I was a student - I was in the RAF, but still away from home)

(having flash backs of MD 50/50)

  • esox11
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23 Sep 13 #408130 by esox11
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Thanks WR read that awhile back.
It''s more her day to day money.

  • WhiteRose
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23 Sep 13 #408134 by WhiteRose
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Are you''re willing to give her a regular allowance or would you rather allow her to find her own way whilst stashing the money in an account and surprise her when she wants to make a big purchase?

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23 Sep 13 #408136 by esox11
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Where I am coming from is mum seems to think she needs £1000 a month!!!
That does not inc rent!!!!

Now I know I live on a damned site less than that!
My CM was approx £350 PCM
Assigning that to my daughter now. But not sure how.

Friends say their kids got £50 a week from them and managed to party hard!

She will work if she can.

Maybe split it into two. Savings and living costs.

  • CakesandFlowers
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23 Sep 13 #408137 by CakesandFlowers
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£1000 a month!!! Wish I had that much after mortgage and bills

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