Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Parent Support Forums
Parent Emeritus
Lost my way...need some guidance
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="meowbunny" data-source="post: 170216" data-attributes="member: 3626"><p>As you said, it is technically his money. I'd go with a monthly allowance. The allowance should be realistic and cover the cost for at least one-half the rent of an apartment, some groceries, bus fare, utilities. I would cover the medications myself if he were willing to take them. Once the allowance is spent, no further funds will be coming that month. No matter what the reason.</p><p> </p><p>This forces him to learn money management to some extent and gets you off the hook for the guilt when he asks for funds. I'd suggest that when you go up there, the two of you come up with a realistic budget of monthly expenses, potential earnings and how much of his inheritance you can logically give him on a monthly basis (break it down for a 5-year period and, if possible, leaving some money for future education costs). Maybe if he sees in black and white what he needs to spend, it will make it a bit easier to put those funds aside (especially if he happens to go hungry at the end of the month -- ketchup sandwiches are not very appetizing).</p></blockquote><p></p>
[QUOTE="meowbunny, post: 170216, member: 3626"] As you said, it is technically his money. I'd go with a monthly allowance. The allowance should be realistic and cover the cost for at least one-half the rent of an apartment, some groceries, bus fare, utilities. I would cover the medications myself if he were willing to take them. Once the allowance is spent, no further funds will be coming that month. No matter what the reason. This forces him to learn money management to some extent and gets you off the hook for the guilt when he asks for funds. I'd suggest that when you go up there, the two of you come up with a realistic budget of monthly expenses, potential earnings and how much of his inheritance you can logically give him on a monthly basis (break it down for a 5-year period and, if possible, leaving some money for future education costs). Maybe if he sees in black and white what he needs to spend, it will make it a bit easier to put those funds aside (especially if he happens to go hungry at the end of the month -- ketchup sandwiches are not very appetizing). [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Parent Support Forums
Parent Emeritus
Lost my way...need some guidance
Top