Reply to Why do people think you have to spend so much on your kids?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Honest question meant without snark - what is 2k/year saved going to do for them? Are you planning on funding the rest of their college education? They won’t get aid with parents who have a 400k HHI, right?[/quote]

I expect them to pay their way through school/get loans/community college the first 2 years. Once they can work I’ll encourage them to get jobs to help save for their college education. I’ll also discourage them from majoring in a field with poor earning prospects. [/quote]

You better be putting your “savings” towards your own future needs in retirement, OP. I doubt your kids could afford to look after you, student loans and tuition being what they are. I doubt even more that they’d *want* to. Hopefully your frugal tastes extend to nursing homes![/quote]

Newsflash: everyone should be putting their savings towards their own future needs in retirement.  There is an almost zero chance YOUR kids will be able afford to pay for your nursing home if you haven't saved for it yourself  - have you priced one recently?

"Investing" in your kids as a plan for financing your nursing home care is a very shitty choice.[/quote]

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