Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "How do I set my kids up for success? "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Things we have done: Weekly allowance starting at $5 a week in 1st grade. Talked with them about finances and cost of things throughout childhood and now into adulthood Saved for their college so they could graduate without loans (R&B, tuition fees, fees, setting up room with toiletries, travel) They were responsible for spending money from about middle school forward Bought a used car (three year old CRV for one and handed down 4 year old rav4 to other) the summer they needed one for internship in college) Since they started earning money, we have done their ROTHs Allowed them to live at home post college to save (first one), while they look for a job (second one). First one lived at home for about 2 1/2 years and saved quite a bit; second one is still at home currently looking for a job. Things we may do: Once we sell house to move to our chosen retirement location, we may give them each $100k for a future house down payment. Pay for part of a wedding - if there ever is one. Contribution to a 529 if they ever have a child We have a will and plan to redo it once settled in retirement. We have a plan to transfer as much as we can from regular 401ks to ROTH IRAs. Both kids are fiscally responsible and lean towards frugality. (Apples fell near trees) [/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