Daughter #1 to Uni - how much living expenses?

[mattobrien]

If I were in your position I would probably ask your daughter how much she thinks she needs. I would get her to produce a budget and a proposal as too much money she thinks it costs to live off.

That way she gets to take some responsibility for the process and her subsequent spending and you never know she might ask for less than you are thinking of giving her.

I would make sure that she actually does the numbers and builds a plan bottom up, so to speak, itemising monies required for different areas.

Just a thought.

I am lucky enough that with my eldest being four, I have another fourteen years before having to have this conversation...

 

[Sandra6]

£150 a week?! Oh my!
That's not far off my weekly budget for a whole family!!

 

[Cubist]

I'd reckon about £100 a week as a fair estimate, but Matt above is right that she should share the planning.

How much is a quarter of leb these days anyway?

 

[e-rider]

This is what we're thinking .... s*** it's a lot of cash to shell out

I think she will have an 'average' ranking amongst her friends on £100 per week - there are always the rich kids that just have an endless supply of cash and turn up in the first week driving a brand new car Daddy just bought for them, as well as the odd few 'working class' types who spend the whole 3 years without a penny and very miserable.

 

[CopperCyclist]

Is she attractive? If so you can lower her drinks budget!

 

[Over The Hill]

We will be in that position next year and had crunched the same figures. Living in student accomodation does have all the bills covered and some even have internet thrown in. So she will not have gas bills, tv licence etc to fork out for.
We had got down to a figure of £100 per week but then think we will save a good £25 per week at home with less food, taxi service and electric being used. It is also only for about 40 weeks per year.

 

[GrumpyGregry]

You'll see little no change from £500 a month based on our two's recent experiences, especially if you want her to come home from time to time. and if/when she moves into private rented accommodation you have the joy of knowing you are making a landlord wealthy too.

 

[iLB]

You should see costs fall year on year as campus accommodation is always more expensive and you just learn to spend less. At the end of the summer in my first year I had less than £100 to my name, now at the end of third year I have enough for a year abroad (i hope).

 

[Matthew_T]

I am going to have to give £50 to my parents every week bacause they are not going to be getting child benefit for me anymore. I am getting £1,400 every 4 months, so it works out that they will be taking £900 off me. Meaning I only have about £500 to live on for 4 months.
My parents are going to be the death of me.

 

[Sandra6]

That doesn't seem very fair. They'll only be getting £20 child benefit anyway. That's why my eldest is stumping up.

 

[Matthew_T]

That doesn't seem very fair. They'll only be getting £20 child benefit anyway. That's why my eldest is stumping up.

I am going to have to ask my dad about a definate figure as he is already talking about a standing order.

 

[vernon]

That doesn't seem very fair. They'll only be getting £20 child benefit anyway. That's why my eldest is stumping up.

There might be more to Matthew's financial arrangements.

Our son stayed at home and payed 'rent and board'. He benefitted from this expenditure when its rebate funded a three month jolly in Europe after he dropped out of university.

 

[Arch]

You'll see little no change from £500 a month based on our two's recent experiences, especially if you want her to come home from time to time. and if/when she moves into private rented accommodation you have the joy of knowing you are making a landlord wealthy too.

£500 a month as a student?!

I only earn £800 a month now, and I'm living on my own in a self contained flat (well, bedsit), so have the luxury of not sharing...

FF said that fees and rent were just covered by the loan I think, so running up £500 a month on food and sundries would be going some!

 

[Matthew_T]

My dad has just said that the £50 a week is to replace Working Family Tax credit and child benefit. So he wants £200 every 4 weeks off me.

 

[vernon]

My dad has just said that the £50 a week is to replace Working Family Tax credit and child benefit. So he wants £200 every 4 weeks off me.

My thoughts on this parent are best left self censored.....

I'm gobsmacked.