Because let’s face it, these rules are probably going to be broken at some point over the next four years of college.
Modern-day savvy parents have come to terms with it, and are instead opening dialogue with their kids about the consequences, safety and their time management as a student.
But the one thing parents of college grads are saying they wished they’d worried about more?
Uhhh, yeah. That one seems like a no brainer, but sadly gets overlooked in the grand scheme of things.
So, we’ve compiled a little list to get you started now, which we hope in turn, will help prolong those gray hairs that come later.
1. Life’s little luxuries
Most parents and students forget to take into consideration all the FREE stuff teenagers get at home:
Your kids may not realize it now, but they have it easy. It’s a parent’s job to provide many of these things while their kid is still living at home. But they’ll learn pretty quickly these things aren’t handed to them in the real world.
So don’t forget to factor them in to their college budget. Most beginning freshman will have a dorm, and select a meal plan. But plan for toiletries - and the extras - like late night snacks and of course: coffee. Always coffee - if they don’t drink it now, they will!
Consider this: Many college campuses are walkable, or provide a system of university transportation at the very least. Many offer city wide transportation - free to students with valid I.D.
Decide early on if they really need a car. How much is campus parking? How often will they use it? Discuss options for how that extra cash could be spent, or pocketed for number 3.
3. Weekend money
This will most likely be the money your kids spend on social events and fast food. Because being honest: no one wants to eat from the cafeteria 7 days a week. Make sure you budget for your kids to have a little freedom.
This sort of trust will make help them manage money during the week, and hopefully they’ll feel guilty when they skip class. At least that’s what we’re telling ourselves.
College isn’t just an education. It’s a life learning experience too. Mistakes will be made. Embrace them. Learn from them. But most importantly, budget for them.
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