How much money to give to your child?

My parents and I made a deal at the beginning of the summer which benefits both of us: I get a job working at a sandwich shop and use the money I earned from the summer for my personal spending as well as things for my dorm while my parents pay for my clothes, books, school supplies, and sports equipment (We don’t need to worry about travel as Loomis is within driving distance) I’ve had friends say that internships are more impressive than making steak and cheeses all day, but it’s really enforced some good work habits in me that I will bring with me to Loomis and I’ve really enjoyed my time this summer.

Honestly, parents AND students alike, this has been a great gig so far; I get to earn money for myself, gain a sense of responsibility (and I get to flirt with the cute boy who I work with. :x ) while my parents get to rest easy knowing that they won’t have to worry about money for me throughout the school year should I need cash immediately.

I love my job and I’ve earned $1200 so far with two more weeks left of work before I start prepping for school, meaning I’m going to have about $1500! It may not seem like an incredible amount, but I will be able to afford everything I want for my dorm (I’ve budgeted like @cameo43’s daughter!) while still saving up money for the year.