If we are in the position to be able to help out, we totally will. We won't be footing the whole bill though. We have a "fund" that we are starting for the kids. Like a "welcome to adulthood fund" and I think we will see where they choose to use that money...then our help will be decided case by case. Like if one kid uses that money for school and needs more help, cool, we can help. But if they blow it partying, then we won't. Although like my GF said, it's easy to say what we will or won't do in 20 years!
HeatSparks said:Annnnnnd I'm so excited/positive for babies, but I also feel like I just re-upped my contract.
@ohstars totally agree on the "team taylor" .. also I LOVE Netflix, coffee, and beer
We will also be paying for our children's college education (books, room and board and a limited spending money budget) as well as their first vehicle, car insurance and cell phone. My parents did this for me and my siblings (I also was one of the kids who couldn't get a loan because they made too much). I feel as if my experience not only made me SO grateful for my parents but realizing how hard they worked and the value of responsible money management. My "JOB" in high school and college was to be involved (I played year round sports, was on different committees and councils in my school) and to maintain a certain gpa. I also convinced my parents to allow me to get a serving job during the summer, because let's face it- I was a 17 year old girl who wanted to blow money on clothes and shoes, etc and my parents were not going to fund that!
Side note- we never got an allowance. It was expected that you did the dishes, mow the lawn, help with other household chores, etc.
My Mom is terrible at money management and doesn't have dollar to her name. She taught me all her bad habits and I learned about money the hard way, by effing up my credit by 20 years old. We will likely start an allowance soon, in order to teach DD about finances and responsibility from a young age.