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by eoinbmorg 2127 days ago
My parents did this for me. As I got older (highschool) it was paid quarterly. It even encompassed clothing/school essentials, eventually. Part of the beauty of it was that I was incentivized to work during the summers to supplement it. I turned out very frugal, was treasurer of my org in university, and now save > 50% of my income living in SF. This works.