Reply to How much financial help are you really giving your adult children?

Forum Index » Adult Children

Reply to "How much financial help are you really giving your adult children?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I didn't read the thread, but wanted to post this:

NONE.

My children are independent of me, and they are doing well. If they depended on me for money, they would not be doing well. I have plenty of money to share with them when I'm dead. In the meantime, they get zip from me while they build their own lives.

[quote]Shame on you parents who fund your adult children, who will be dependent and entitled forever.[/quote] [/quote]

Ok. I'll bite. (Another NP who has not read the tread.)

My kids are doing well. One of them has a job, another one is in grad school. We do not support them financially in the sense that they don't have a monthly allowance. That being said, I want to see my children use their inheritance. It's purely selfish of me. So, we helped our son with a downpayment on his condo. He pays the mortgage and is responsible for maintenance, etc.  But this will help him build wealth, rather than helping build his landlord's wealth. We pay for them to join us on our family vacation once a year. Again, I am doing for myself in the first instance. Do they depend on us? No. But do we help? Sure. Why not. I don't need to see my children struggle the way I did. They are good kids. They are hard working. And, yes, they are very fortunate. [/quote]

lol 60k down payment divided by 12 months divided by 5 years of saving = $1,000 ‘allowance” per month. There did the math for you PP. But sure, your kids are ‘doing well independently’’. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics