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How to give college kids money without giving them money

Anonymous in /c/frugal_living

883
**Background**, I have 5 kids. My oldest is in college; I have 3 more beginners, and my youngest is a toddler. I make a lot of money, but I don't want to give my kids money because I really don't want to do the "financial parenting" thing for them, and I don't want to create an unnecessary crutch for them.<br><br>They don't need money to be happy or to thrive, but I want to give them some money to "get some experiences" and to have a little bit of a safety net.<br><br>**Here's how I give them money without giving them money:**<br><br>1. They've agreed to a structured phone plan with me, that lets them get an allowance of $40/month as long as they have fewer than 5 hours of screen time per day, and they attend all their classes. There are other rules for getting the money too, like they have to have dinner together as roommates at least twice a week, and they have to exercise together at least three times a week. I pay T-Mobile for their phones, and I pay for the "allowance" for them. So, technically they have the money, but it's not like I'm giving them money without any strings attached.<br><br>2. They have to work for me 5 hours/week. They can either do chores at home, or they can work a "remote" job for me. For example, I have this stupid fantasy football league that I've been in for like 15 years, which takes a whole shitload of time to manage. So, I pay one of my kids $15/hour to manage that for me. I also have another kid who does "remote" chores for me, like digging through old documents in my google drive and organizing them for me.<br><br>3. If they ever do work for me "in person", I pay them a stupid amount for their time. For example, this weekend I paid them $100/hour to help me clean out my garage. There was nothing left to do in there after two hours, lol!<br><br>4. I also pay for things like their car insurance, their health insurance (required by their school anyway), their Netflix subscription, their Spotify subscription, and their software subscriptions for school... I've got like $500/month allocated for that kind of thing. But that's like... I'm paying State Farm for their car insurance, rather than just giving them money, you know? <br><br>**TL;DR**. I give my college kids money, but structured in a way that it's not like that's what I'm doing. It's actually for them to use their time as I want them to use their time.

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