“There is a lot to learn when transitioning to post-secondary education, but the best lessons in self-reliance are not from a textbook,” said Laura Plant, Senior Director General, Youth and Young Adults Markets, RBC . By following a few tips, parents and students can successfully complete this new chapter in their lives. ”

Understand what it means to be independent.

Parents:

Do not do everything for your children. Give them advice on how to budget, but encourage them to manage their own finances. Do not do groceries or housekeeping for them.

Students:

Don’t be financially irresponsible, thinking that you can ask your parents to help you out if you need to. Establish a budget and stick to it. Turn tasks like cooking and housekeeping into fun activities to do with friends and roommates.

This survival guide for parents and students will be helpful.

Go slowly.

Parents:

You can help your kids settle into their new home, and even give them provisions for the first few weeks. But do not call each day to check if they are eating well and doing their homework. Agree ahead of time when you will communicate with your children so that they know what to expect.

Students:

Gradually cast off the moorings. Your parents want to know if all is well, so stay in touch. The more details you give them, the more freedom you will get.