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Reply to "Financial help you received/gave to your kids?"
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[quote=Anonymous]My parents paid for me to go to college (undergrad), and I would like to do the same for my kids. My parents paid for my wedding (appx $35K), and I would like to do the same for my kids. When I got my driver's license, they had an old car that I was able to use as my own (and one of them got a new car to drive). This was never my car per se. I am two years older than my sister - and I could use it for my whole senior year of HS, and when I came home from college after freshman year. Then, when my sister got her license, it was the same for her. Both of us went to colleges in cities where we weren't allowed to have cars on campus. Eventually we got older, no one was using that car anymore, and my parents sold it - and they kept the money, as in the car was always theirs, but they let us use it for a few years - maybe they would have given it to one of us, if we wanted / needed it - but we didn't. My oldest is 13, and we are debating what to do (because we have an older car that we need to decide whether to sell or try to save for him rn). I suppose I would like to have a car that he can drive when he gets his license. If I give it to him as a gift - it wouldn't be when he gets his driver's license. I guess it would be when he goes to college, if he needs a car there. When I got my license, I had to get a summer job and pay my parents $1K, which they said was the increase to add me to their insurance, and I actually recently told my son he will have to do the same, and he should consider saving some money for it, starting now, if he'd like. When I was a kid, my grandparents would rent a big beach house for a week - and their kids / grandkids would go. I would like to do that when my kids are older. I don't really ask my parents for anything now, except for some stupid things like I share all their streaming login/passwords. :lol: [/quote]
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