Allowance in College

gsp_silicon_valley
Fri, 30 Dec 2005 11:30:06 +0000

Let’s face it…NYC is a playground that freshmen “right off the farm” can easily get caught up in. Someone could easily spend $100-150 a week, instead of the suggested $100-$150 a month!

catherine, every freshman is different and will develop different needs. As long as you can transfer funds electronically to your D, don’t get caught up in the hype of trying to determine exactly how much spending money she will need. Invest in a bank debit card or checking account for your D that allows you to easily transfer funds into as needed.

You will never be able to determine exactly what your D’s needs are until she gets some NYU/NYC experience, which will take least one semester.