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Do you plan on providing for your child(ren) into adulthood?

  1. Anagram

    eggplant / 11716 posts

    @Freckles: yeah, I think it totally depends on the kids which is why I said I'd have to wait and see. I've had friends whose parents helped a lot financially and they were responsible with that help, worked hard, made straight a's, etc.

    And I've had friends whose parents paid for everything, who partied all the time and acted like school was a joke--I had a friend who dropped her classes a week after the semester started our second year, so she could take the refund without her parents knowing-and she pretended to go to college while just partying with that money. She *still*to this day lives off them, financially, and we are now 34! I love her, and we are still in touch, but I feel like her parents enabled her very bad behavior.

    My husband's parents helped him somewhat with college--but not in the typical american way of just writing a check. My husband lived WITH his dad in an apartment in my DH's college town. And they both worked any job they could get to help pay DH's tuition (my husband worked at Mcdonald's, 7-11, a maintenance crew cleaning office buildings). No job was too "lowly" and I think that gave him a good work ethic.

    I just wonder if I'll be really myopic about my own LOs when they get to that age. You know? So many parents don't really have a clue what their kids are really like/what they are up to. I'd like to think I will be more in tune with LO than that.

  2. yin

    honeydew / 7917 posts

    The plan is to help our kids with college tuition. Ideally they will attend college in state (a good ol' 20 minute walk away or 2 minute car drive) and live at home (hehe). As far as providing them beyond college, I don't think that will be financially feasible for us right now.

  3. yellowbird

    honeydew / 7303 posts

    I would like to contribute enough for college so they get through undergrad debt free. That really depends on them picking a reasonable school that we can afford as well, so it may just be a portion depending on where they go. We will contribute to weddings as much as we can but again won't go bankrupt if their desires are not within our means. That's as far as I'm planning on.

    They are always welcome to live at home if the need arises.

  4. artsyfartsy

    cantaloupe / 6692 posts

    I would love to contribute to college as much as possible. We'll be starting a fund soon for our kids. I'd love to pay for grad school too but I highly doubt we could afford it. My children will always be welcome to live with me but only in emergencies or due to situations out of their hands. I will always encourage them and show them how to stand on their own two feet. I won't raise or enable a moocher.

  5. Ginabean3

    pomegranate / 3401 posts

    Definitely college and hopefully grad school as well. I'd love to pay for a wedding and I would loan them money for the down payment of a house.

  6. Mae

    papaya / 10343 posts

    We'll contribute to college to the extent we are able. I'm sure we'll contribute some amount to a wedding (but more of a fixed dollar sum, not just paying for the whole thing). We won't be buying a house (do people do this???)

  7. Tanjowen

    nectarine / 2521 posts

    We will contribute to college. As of now, our state pays for most of college if they maintain a high GPA, so hopefully will have enough in there for undergrad and grad school. We also want to give a lump sum for the wedding (my husband's parents did this and it paid for our fabulous honeymoon!). Beyond that neither of us expected nor received anything from our parents and don't expect we will provide further either.

  8. Skadi

    apricot / 456 posts

    None. Nada. Nothing.

    This idea is culturally quite new. I don't think it's right that a lot of parents feel pressured to give money to their kids as adults.

    My parents didn't help me with anything, and I'm fine with that. More than fine, really. There are tons of ways we will help our children get a good start in life...but money isn't one of them.

    Of course, we'd help in a true emergency, with unforeseen medical expenses or a place to stay temporarily if they lost their job.

  9. daniellemybelle

    cantaloupe / 6669 posts

    Basically, we will do as much as we can, when and where that's the best choice for our child.

    I want to give her everything. But financially we won't be able to, and that may not be the best choice for her. I can't pretend to know what the future holds.

  10. mrsjyw

    GOLD / wonderful apricot / 22646 posts

    We are saving for college, grad school, and will hopefully contribute to wedding as well. We will always try to do what we can beyond that if there's a need for it.

  11. Cchoi4

    kiwi / 729 posts

    College for sure. Grad school - it depends on what and their need for it. Wedding - we will contribute but don't want our children to grow up thinking "mom and dad are paying for the wedding." I personally think they should save for their own wedding and have one that is within their means.

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