Many parents think about how much pocket money to give a student for a week. There is no specific amount, it all depends on a number of factors and each family decides this issue independently.
The amount of financial support for a student depends on the material capabilities of the family, the place of residence and study of the teenager, the existence of additional sources of income for the student, and many other reasons.
Basically, the amount of pocket money that parents give a student for a week directly depends on the financial wealth of the family. Some parents allocate an amount that covers only food and the current household expenses of the student, while others take into account the rest and shopping of their child. In addition to material opportunities, there is also an educational moment. Not wanting to spoil the youth, many parents, even with a good income, allocate money only for the most necessary needs.
The second important point that should be taken into account when calculating the amount of the amount given to the student for a week is the place of residence and study of the child. Much depends on the city and the university where the student is studying. In large cities, life is much more expensive, and in specialized and prestigious universities, the student will have to match the environment. In cities with a population of over one million, a lot of money is spent on transport. Student benefits can help you save on travel costs.
Housing payments are a significant item of expenditure. If a child rents an apartment, the amount of parental investment increases significantly. There are ways to reduce housing costs: live in a student dormitory or rent an apartment together (joint rent). With a high cost of housing, the amount of pocket money can be quite modest, and vice versa, if a student can save on paying for housing in one of the above ways, parents will have the opportunity to increase the amount of pocket money.
Food is also a big expense item. If the parents have a private house with a garden and a vegetable garden, then the costs can be reduced by homework. Going to clubs and restaurants will greatly undermine the student budget, but eating in canteens, buffets or "university" cafes will significantly save pocket money. Self-catering will save even more finances.
Bad habits are quite common among students. For example, smoking is very expensive for a student's wallet.
When calculating the amount of pocket money for a student for a week, you need to take into account whether the child receives a scholarship or has other sources of income. Many students who lack parental financial support start earning money. Most often, this is work as couriers, administrators, bartenders or waiters. Also, many students are engaged in tutoring, copywriting or provide services for writing control and term papers.
An approximate calculation of the amount for a week for a student consists of:
- expenses for transport (travel) or gasoline (if the child has a private car);
- spending on food;
- phone payment;
- shopping for stationery;
- a small supply for emergency expenses.
Payment for housing is usually a separate article, and spending on shopping is discussed individually. In some families, parents, if necessary, give a certain amount to buy things, in others - the student receives a fixed amount every month for shopping. Some parents themselves buy the necessary things for the child (clothes, shoes, gadgets) or go together to the mall to shop.
Expenses for entertainment and student activities (going to the cinema, museums, exhibitions, cafes) should be taken into account. You can pledge a certain amount for rest once a month or give a small amount of money for entertainment on a weekly basis.
Taking into account all the items of expenditure, you can calculate the amount of pocket money for a student for a week. But whether or not to add finances in excess of the required minimum is an individual decision of each family.
