I have two in college and so for the first time they are having to make decisions on their own.

Well I say that but skype and facebook keep me in the loop a little more than I thought I would be…

Either way, it’s time to grow up and learn to budget their money.  It still isn’t growing on trees and with the costs of college these days, saving is more important than ever.

The process is made more difficult since their dad and I are divorced – and especially in the case of the “AHEM” girl… when she’s out of money from one parent she can run to the other for more.  She has this part down to a science.  If we don’t work together on this she will never learn responsibility.   We’ve given her and Derek an allowance each month – and decisions have to be made whether an expenditure is hers or something we will help out with.  My philosophy for the most part, if you can eat it, drink it, wear it or drive to it, it’s probably your expense.  Maggie? Well she might argue that AND OH DOES SHE ARGUE…

But I digress…

We need a way to keep better tabs on the spending.

Enter American Express.  They have initiated a program called “Safe Spending” and you can find more tips and advice from Jean Chatzky on financial responsibility for high school and college age kids. It’s smart to consider getting them a card to use and I think its cool that you can  give your teen an AmericanExpress Additional Card with Custom Limits  so you BOTH can keep track of their spending at the same time allowing them independence to budget and mange their money. Brilliant.

You’ll love the easy to follow tips they have on the site, and you’ll want to bookmark it for future use.

 “I wrote this review while participating in a campaign by Mom Central Consulting on behalf of American Express and received a promotional item to thank me for taking the time to participate.”

1 Comment on Safe Spending for College Kids *sponsored*

  1. Maggie
    October 19, 2011 at 4:13 pm (6 years ago)

    So, When do I get one!? :]

    Reply

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