Comments on: Money Management for Kids in College http://wealthpilgrim.com/7-steps-to-turn-your-college-bound-kid-into-a-financial-genius/ WealthPilgrim.com -No Money Worries. No Matter What. Wed, 30 May 2012 00:03:08 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Neal http://wealthpilgrim.com/7-steps-to-turn-your-college-bound-kid-into-a-financial-genius/#comment-416 Neal Fri, 01 May 2009 09:09:45 +0000 http://wealthpilgrim.com/?p=1638#comment-416 Well...your parents did a lot right. You turned out to be hard working, intelligent person. Thanks for your input and congratulations on learning the lessons so well. Well…your parents did a lot right. You turned out to be hard working, intelligent person.

Thanks for your input and congratulations on learning the lessons so well.

]]> By: SJ http://wealthpilgrim.com/7-steps-to-turn-your-college-bound-kid-into-a-financial-genius/#comment-414 SJ Fri, 01 May 2009 03:22:16 +0000 http://wealthpilgrim.com/?p=1638#comment-414 From the role of a newly graduated undergrad... I was spoiled. My parents helped me out a lot w/ dorming (first 2 years) and tuition. Tho I did pick up some scholarships and internships... I think one reason is that the first 2 years my parents had me on a pretty tight leash, accidentally. I was in the dorms, no credit card, only a checking account which had limited amount of money. Of course that was enough to live off of, easily, but I had to be careful still. Also, since I lived in the dorms I was able to eat anything, and didn't get greedy and accustomed to eating out. My next 2 summers when I worked at internships I was COMPLETELY alone... as in just me responsible for finances. I made a lot, but I learned a lot too. Lessons? Dorms -- If they end up here, even tho it's expensive just give them very limited amount of money to "live" off of. Summer jobs -- If they do it away from home and have to learn how much food costs Since my parents never had the formal talk w/ me I didn't get into investing till now =( From the role of a newly graduated undergrad…

I was spoiled. My parents helped me out a lot w/ dorming (first 2 years) and tuition.

Tho I did pick up some scholarships and internships…

I think one reason is that the first 2 years my parents had me on a pretty tight leash, accidentally. I was in the dorms, no credit card, only a checking account which had limited amount of money. Of course that was enough to live off of, easily, but I had to be careful still.
Also, since I lived in the dorms I was able to eat anything, and didn’t get greedy and accustomed to eating out.

My next 2 summers when I worked at internships I was COMPLETELY alone… as in just me responsible for finances. I made a lot, but I learned a lot too.

Lessons?
Dorms — If they end up here, even tho it’s expensive just give them very limited amount of money to “live” off of.
Summer jobs — If they do it away from home and have to learn how much food costs

Since my parents never had the formal talk w/ me I didn’t get into investing till now =(

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