<p>If your child can earn $1600 over the summer, I’d say definitely have them fund their own allowance. You or someone else is ponying up $50,000 on their behalf already!</p>
<p>There was a thread about spending money earlier this year with estimates for discretionary cash running lower than the current thread:
<a href=“http://talk.collegeconfidential.com/prep-school-admissions/1477003-how-much-monthly-spending-reasonable.html[/url]”>http://talk.collegeconfidential.com/prep-school-admissions/1477003-how-much-monthly-spending-reasonable.html</a></p>