Asking for more monthly allowance

Hi,

You have to graduate, and you need the time, so what can you do...

Draw a contract with them, make it an official loan, try to work extra shifts during breaks, and of course make sure they understand you will return the money (in installments, don't get into another debt to repay an old one) when you graduate. 

I know exactly what you are feeling. While it sucks having to ask your parents for help, you need to remember that your financial situation is only temporary. You are studying in college so that you can get a well-paying job. I believe your parents see this; and for this reason, they are willing to give you a monthly allowance. If it makes you feel better, try writing down every purchase you make for a week and see if there is a way to cut back on your expenses. If you can find ways to do that, you may not have to ask your parents for more money. But if you cannot find ways to cut back anymore, remember that it's only a temporary situation and if you can, suggest that you pay your parents back when you finish school and have a full-time well-paying job. Good luck!

Dear Anthrogal,

Suggest a loan.  I would make this a formal promissory note with a due date and an interest rate.  You could commit to return the monies in installments.

This should work. 

You could always try a personal/student loan. There are several financial agencies who provide this type of loan where you can start to gradual pay after you graduate.

You also have an option of student credit cards There are cards whose payment schemes are suited for college students.

Goodluck and hope this helps!