Who will be in charge of the monthly card bills? Have your student record those expenses so they can factor them into the budget. Will your teen have a job while going to school? Your student has made a decision and ordered the college sweatshirt, and the end of high school is here, full of awards ceremonies, senior celebrations and graduation. Make sure your student keeps track of the balance to avoid overspending and overdraft fees. Will they open a bank account at school or at home, or will you send money each month?