Got leftover cash? Leave it alone.
Her student loan amount may be more than enough to cover essential educational costs, like tuition and fees. If there's extra spending money, she should spend it carefully. It could go toward transportation for home visits, for example, rather than a shopping spree.
One way to keep your teen on track is to set up automated monthly transfers of set amounts from the student loan money to a separate account. If there’s less money available, she’s less likely to overspend.
If she’s picking up a paycheck from a part-time job, it’s a good idea to designate a percentage of that for savings. Building a reserve of cash can be empowering. Think how good she’ll feel when an unexpected expense comes up and she’s got it covered.