As soon as the child starts school, he calls ** and says that the living expenses are not enough, there may be several situations:
1.Unforeseen expenses: Your child may have unplanned expenses, such as school supplies, dormitory supplies, or other necessities.
2.Budget management: Your child may not have learned how to manage their finances properly, which can lead to a quick run out of living expenses.
Social Activities: As school has just started, there may be some social activities or class activities that require a fee.
4.Underestimation of living expenses: It is possible that the initial cost of living for the child was not accurately estimated, and the actual cost was more than expected.
As a parent, there are a few steps you can take:
Communicate with your child: Start by talking to your child about how they are using their living expenses and why they are running out so quickly.
2.Educational Financial Management: This is a great opportunity to teach children how to manage their finances. Children can be taught how to budget, how to distinguish between necessities and luxuries, and how to save money.
3.Adjust living expenses: If it is true that the cost of living is underestimated, you can consider adding some living expenses appropriately, but at the same time, let the child understand that this is additional support and not a regular operation.
Make a plan: Work with your child to create a more detailed plan for how to use living expenses, including daily or weekly budget limits.
5.Develop independence: Encourage your child to learn to solve problems independently, such as by working part-time to supplement their living expenses.
6.Supervision and guidance: In the following time, regularly check your child's financial situation and provide necessary guidance and assistance.
Remember, this is a process that teaches children independence and responsibility, and through such experiences, children can learn valuable financial management and life skills. How much is it reasonable to pay for college living?