GREENSBORO, N.C. — One thing about college that kids love is that they're adults and can make their own decisions. Sometimes, when they realize the cost of being an independent adult can be overwhelming, they reach out to mom and dad. Check out this Facebook post of a Triad mom with a daughter in college. And as much as the exchange is funny, it's something parents of college students can relate to.
When kids leave home to go to college, they have a new sense of freedom where they make their own decisions and live on their own terms. However, reality sets in quickly once they realize that mom or dad isn't there to help them pick up the pieces, like reminders about deadlines, cooking, cleaning, and reminding about exercising. And when they realize that the cost of living is high, they have to pay for some things on their own.
One thing about becoming an adult at age 18, which is hard and that I experienced myself is that there isn't a transition. You're an adult, and so much is expected of you, sometimes with little guidance. I notice that parents and college kids make assumptions about what each is responsible for. To avoid problems, have conversations about expectations for money and personal responsibility.
Even with set expectations, budgets, and allowances, college kids can find themselves in a pickle. During these stressful times, it would be helpful for college kids to turn to their parents for advice, problem-solving, and, perhaps, financial help. Sometimes, college kids feel the world's weight on their shoulders, and they forget that they can turn to their parents for help. Each parent has to decide how much they're willing to help their college student when in a financial bind. Some parents worry that their kids might take advantage of it. But, I think it's rare if you have a conversation before the financial help. You can use these times as teaching moments for your college kids.
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