As soon as your kids get their college acceptance letters then all parents have to make sure that their kids get fully prepared for college. You can use this guide and easily prepare your kid for college.
1. Teach him to Manage his Personal College Expenses
Once in a week, you should sit down with your child and take a review of their college expenses. You can make a list of his food expenses, housing and utility expenses, transportation expenses, school fees, entertainment expenses. Just remind your kid that he has to make a daily log of his college expenses. Even if your kid gets little deviated from your expenses plan, do not scold him. Instead, consider directing him to financial sites like this one to grasp the situation better. You can create a joint savings account. That account will be accessed by you and your kid. If your kid performs any unnecessary activity then you will be notified.