I'd genuinely love to be able to give my children financial freedom that will help them pursue their dreams.
Sure, if they were irresponsible with money i wouldn't hand them piles of cash, but knowing the way I will raise them I doubt that will be the case.
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19-06-2012 08:46 #31Senior Member
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19-06-2012 08:47 #32Senior Member
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19-06-2012 08:47 #33
If they desperately needed help, and we were in a position to give it, then sure. But we wouldn't do it "just because".
We gave agreed though, that if in a position to do so, we will help fund their first cars, in a 'you save as much as you can, and we'll match it' kind of way.
*I can haz typos*
19-06-2012 08:48 #34
19-06-2012 08:50 #35
tbh I don't get why ppl wouldn't help their kids out. A mortgage is such a burdon on someone and you are goign to get the money when your parents die if they have it now, why not give it to their kids.
Im not saying pay there way through life - we have lived in our house for 4yrs and pay all our own overheads. Dad has helpt us out with improvements, but day to day we do it on our own.
I would at a minimum give my kids the deposit for a house so they didn't have to rent forever (if I had the money). We were given funds for this - different amounts for each of us depending on how much we could borrow but it meant not having to rent and made all the difference to us.
Now we have baby #1 on the way and to have a chunk out of mortgage if not it all, would be so wonderful.
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19-06-2012 08:50 #36
19-06-2012 08:51 #37
19-06-2012 08:55 #38
19-06-2012 08:55 #39
We have great work ethic, but when an average mortage is well over $700 per week you are never really going to ahead. And where does this leave your children? The sooner our house is paid off the sooner we can redirect our funds to help out the next gneration.
19-06-2012 08:56 #40
No I wouldn't. I would help make it easier on them... help with a deposit or something like that, or if they were in trouble, in a heartbeat.
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