As a parent of a high school or college student you need to make sure you have discussed money and budgeting. No matter what the level of financial support you are giving, you want to make sure that money is used wisely. To this end you must educate your child how to budget to make sure they have enough money at the end of the month or semester so that they are not asking for emergency help. They should understand how to manage credit.
To get your children started on this path try reading Raising Financially Independent Children or Financially Independent Teens
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