I’d appreciate your thoughts about my kid’s plans for working this summer. He is graduating from HS and next fall will be attending a big 10 school majoring in engineering. Right now he is preparing for a number of AP and college placement tests, and he has received a couple of partial scholarships. My wife and I are very proud of him, and impressed with his accomplishments and goals.
We intend to pay tuition and fees, books, and dorm room and board costs for an in-state public school. Our kids are responsible primarily for their personal expenses. And we have suggested they need to amass something of a nest egg for when they get out of college and need to buy a car, sign a lease, etc.
He works part time during the school year, and was recently asked to submit his proposed schedule for the summer. He indicated that he would work 4 hours a day 4 days a week, up to a potential max of 20 hours.
He’s pretty frugal with his cash, and has a few k saved. I guess he would rather have the time off this summer, even tho it will mean he will have less next fall and beyond.
Harkening back to my HS summers when I was working 40+ hour weeks in various factories and pressrooms, I thought his proposed schedule seemed a tad light. I told him it didn’t seem like much to me, and that he might want to consider getting more hours, a 2d job, or even a couple of lawns to mow.
But on the other hand, he has done so much better in HS than I did, and will be pursuing a college major so much more difficult than I did. I really don’t think it will be the worst thing in the world for him to kick back and take it easy over the summer, because he is sure going to be working his ass off come August. Next summer he might well have an internship or something, so this might be his last opportunity to really goof off and be (somewhat) irresponsible. And if he doesn’t have enough saved, he is the only one who will have to bear the cost when he finds he doesn’t have enough cash to spend.
So despite my initial reaction, I am now leaning towards letting him take it as easy as he wishes, so long as he knows I expect him to really buckle down when school rolls around.
Any thoughts?