I'm a 20-year-old college student financially dependent on my parents - here's everything I spend in a week
- Alexis, a college student who is studying journalism and is actively involved on campus, relies on her parents to pay her tuition and many of her expenses.
- For Business Insider's "Real Money" series, she shares how her parents financially support her and how she spends the money she makes babysitting.
- Want to share a week of your spending? Email email@example.com.
I'm the furthest thing from lazy - but I rely on my parents to cover most of my finances.For me, there doesn't seem to be enough hours in the day to go to all of my classes, study, hold student leadership positions on campus, and hold a job where I make enough money to afford all of the basic necessities of life.Advertisement
Housing and tuition at my university costs $58,775 per year, and that doesn't even cover my books, travel costs, phone bill, and other basic necessities. I would love to contribute more to my expenses and alleviate the financial burden from my parents, but it's just not realistic.
During a full five-day school week I spend 12.5 hours in class, 10 hours working on school assignments, 11 hours managing our Her Campus team, an online women's magazine at my university, 10 hours a week babysitting for $15 an hour, and (hopefully) 8 hours of sleep per night. All of these activities leave me with only about 36.5 hours left in the week. I need that time to eat, work out, call my parents, socialize with people, and act like a semi-sane human being.Why am I telling you all of this? I'm trying to explain why my parents still fund my life at 20 years old. With 10 hours a week babysitting at $15 an hour, I'm only making $150 a week, which isn't cutting it. I also don't have time to fit more hours of work into my schedule.
Here's a break down of what I spend in a week and where my parents help so I can focus on my education:
I barely make it through the week with any money left over from babysitting — this is where my parents come in.
I use the $150 I make from babysitting to dine out, treat myself, and buy groceries.Advertisement
On Monday I spent $25.99 on food and drinks throughout the day.
On Tuesday I treated myself to a new denim jacket and a pair of sandals for $35.74Advertisement
On Wednesday, I decided to be somewhat responsible and put gas in my own car.
On Thursday, I had a full class schedule and managed to only spend money on a Starbucks run.Advertisement
On Friday, I went out to dinner with friends because there's no better way to end the week than with dinner.
On Saturday, I woke up very hungry and had a craving for chocolate croissants so I made them myself. However, by dinner time I was too lazy to cook and ordered Chinese for dinner.Advertisement
On Sunday, I had no business spending any money so I didn't.
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