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Money and Finances
Reply to "Helping Setting Kids up for long term Financial Stability"
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[quote=Anonymous]Older one had been authorized user on my credit card for awhile, but will get his own at 18. It can be done even without income, and I already know which cards. Once I get him on his own, I will do it for the younger one entering middle school. Older will also get his own Robinhood account to learn about investing. I can pay out of pocket for college but they also have small 529. I am leaving my own Roth accounts to my kids and grandkids if Roth is still a thing. I don't have the patience to wait til they start working; time is money. Younger one inherited quite a large sum, so not really worried about them. There are thing I won't do though and encourage them to stay away. I hope they do less with finances/keep them simple. It's easier to avoid mistakes than to fix them. I'm planning to watch my grandkids for free if needed. I will be all in their financial business, and I don't think they mind. They have no interest in it. [/quote]
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