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Adult Children
Reply to "Are you delaying Retirement so your Adult Children can have medical coverage? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We asked our kids to get their own insurance plans through their employers. Yes, it costs them but we felt it's important for them to become independent. We randomly give them more money than what they spend but we stopped paying for insurance once they got employed. This trend of employed kids living at home, staying on parental insurance and phone plan etc is enabling them to have a faux lifestyle they can't afford. They need to learn to be self sufficient and live within their means. I see young women carry designer bags, wear overpriced shoes, travel to exotic places, eat at fancy restaurants and drive luxury cars but not having money to pay for healthcare or utilities. What's up with that? [/quote] Why waste money? Plenty of us allow our kids to stay on our healthcare (which is cheaper or no added cost) and cell phone plans (saves $40+ per kid per month) and they don't live a faux lifestyle. They are saving their money and living within their means. They can stay on our cell phone plans until they get married. Why waste money---it doesn't make them "independent". They are already fully functioning adults. If needed you can charge them for the cell plan....but we just consider it a gift. We also let them use our Amazon and they just switch it to their CC and address. Why pay $120+/year if they can use ours? [/quote] Not PP but we also weened them off. Being independent serves them more than saving $20 here $40 there.[/quote]
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