Eighteen years ago our daughter was given the opportunity to study abroad by her university. It was our luck that the overseas campus was based in London. As you more than likely know, London is just about the most expensive place in the world to live. Since she was slotted to be there for seven months, all I could hear in my head was Ka-ching, Ka-ching. On the other hand we were proud she was selected and didn't want her to miss out on the opportunity. Prior to her leaving, we sat her down and went over what had to be done economically. We gave her a credit card and a limit of $600.00 per month to spend on her personal needs and entertainment. We didn't realize the near and present danger. Her closest girlfriend was accompanying her and this girl came from a very well-to-do family. To further complicate things, their dorm was only three short blocks from Harrods department store. It took her about three weeks to get us to push her budget to $800.00 per month. After all was said and done her $600.00 per month for seven months or $4200.00 ballooned to $11000.00 or over $1500.00 per month. I was at the point where I wished she would lose the credit card, in hopes that whoever found it would spend a lot less. She attempted the same type of thing when it came time for her wedding, eight years ago. She wanted to spend more money on her wedding bag favors than the favors themselves. We finally got her to comprehend the word "NO."

Posted by Best Known As Logan's Mom at 5:58 am