Parents, if you have a child who is also a college student, especially if this is his or her first college year, you may be wondering about how s/he is handling finances. You may already have a clue, based on what you have observed about their spending habits at home. However, being away from home, among a broad demographic (and economic) mix of other students could effect changes in their approach to handling money.
I’ve mentioned before about my days (daze?) in college. Every week or two, my parents would send me a letter with a five- or 10-dollar bill enclosed. Those bills were the old, now rarely found Silver Certificates, not the Federal Reserve Notes we have today. Ah, those great old gold-standard days!