My daughter is hoping to go to Uni in October. Weekly sum or lump sum from parents?

Though my daughter is not 11 yet, it is something I do think about!!!! Sad I know. But I would give her a lump sum to buy any essentials she would need (amount based on a list we would create together) to get her started and then go into smaller payments. I would advise her to look at the amount she has, identify what she needs first before jumping ahead and spending it all when not necessary. I would also encourage her to keep a record of what she spends versus how much she gets to help her budgetise better. Getting a part-time job will help them understand too how hard it is to earn your cash and to look after it better. If I see she is doing well, I would reward her with a bigger amount that she could use for anything. Good luck.

Depends on how organised she is with money. If not very then forcing a weekly amount on her might be best but she will still have loans in lump sums and probably an overdraft and credit card. Have you asked her preference?

From my experience at uni everyones student loan - so a big lump sum at the start - was spent within the first week on going out and enjoying themselves. So based on this I think a small weekly/monthly sum will work out better, it will also encourage budgetting for when your daughter gets a job, has a monthly income and needs to account for living costs

Definitely weekly/monthly, even if she is a sensible person. Uni and lump sum together is not a good combination. I saw students driving each other to spend all the time, getting the latest gadgets etc, so you get dragged onto it if you have the funds.

I'd agree with those saying to send it weekly or monthly. Ideally monthly, so that it comes in like a salary and she can learn to budget it properly as she'll have to once she graduates.

Perhaps have her set up a monthly budget to see that she's covering all the necessary costs properly.

You could always try both. If you give her a certain amount each week or month, direct into her account, this would cover living expenses etc. However, as she is going to need to buy things for Uni etc, she might appreciate a smaller lump sum at the start to help with this. Best of both worlds...

a good opportunity to get her thinking about money, why not ask her to research and come up with ideas.lets her have some ownership and responsibility , You may even be surprised at her ideas.

i would start with a weekly amount, but when she gets used to budgeting, you could try monthly and then maybe a payment each term. hopefully she will be able to contribute a little herelf with a parrt time job or holiday work. i did this and it did make me appreciate money more, both what i was given and what i earned myself

I would start with weekly at least she will have money coming in every week

If it was my son he'd spend a lump sum in a week!!

A weekly sum is always a good way to start because freedom can lead to young people being irresponsible with cash to begin with that way she will always have money coming in. If this is a concern of yours you could always look into buying her online shopping on a weekly basis. This could be things you both agreed on.This way you would know your daughter is eating healthily and that all her money isn't going on alcohol.

Oh my god!, please...whatever you do.., small sum :)
On a serious note - Once he has established his monthly outgoings and seems to show responsibility, then maybe you can increase the portion size..:)

From personal experience a weekly budget is much much better!! With a weekly budget you would have more control over the money. One lump sum is just so tempting to spend all at once. Saying that though, if you can't learn now to manage your money, you're not going to later in life. Could you not do a bit of both? Could you not say give half as a lump sum and then the other half is broken-down and paid weekly? That gives the independence to spend and manage finances but also the backup, just in case, =).

YOu could always let her find out for herself how hard life is. Get a job and fend your herself? Bit hypocritical of me, as we've been ehlping to fund my wifes nephew through 5 years of Uni by donating stuff to his Gran's market staff that she's been doing since he went to College. He'd better sort us out with free dental care since he's qualified, or I'll knock all this teeth out...

is some of this money going on rent? if it is can you pay directly and then give her a living allowance? the trouble with the first weeks is your daughter may need books etc which will eat into a small weekly budget. sit down and have a chat with her and see how she feels about money and how she would feel about a lump sum.

i would go for a mixture so she has a nice amount to start every term to ensure she can get anything she needs and a small weekly amount to help he get through week to week which would mean if she wasted the lump sum she wouldn't be destitute

Yes, a mixture. Perhaps a lump sum at the beginning to get her through the first month or so, and then smaller amounts with the suggestion that she tops it up with a part time job. Giving it all to her on a plate won't benefit her as she should be learning how to stand on her own two feet and now's a good a time as any.

Smaller smounts frequently. Help her leaqrn to budget.
Get her a credit card (emergencies only - or in my case it was for emergencies or books).

Be prepared for the amount to change, it will unusual for you to get it right first time.

I would say that a small lump sum initially is a good idea just to allow her to buy things she needs to get started, books etc. I would then give her a small amount on a weekly basis as this will force her to budget but will not allow her to get in money trouble later on in the year.

I would go with small amounts rather than one large one. If she has it all in one go, she may spend it and have nothing left later and then expect you to bail her out. Small amounts will help her to budget her money and if she gets a small job too it will help to her final debt!