MAX-24-Dean
Veteran Member
Thank you for your post, It's good to see a sane approach to helping children through life. We have done similiar things for our children and they have also returned the favor to us.One of my best life lessons as a son was my parents telling me that if I qualify for a bank loan for a vehicle (when I was younger), to come to them. They'd give me the loan, but with no interest payments.
Although my parents were cheap and lived within their means, they did love me and would loan me money. The expectation was that I would pay them back, which I did.
We'll do the same for our kids. As well as charge them rent when they turn 18 and still want to live with us, but save the "rent money" for them when they get older and more responsible with money and give it back to them as a present.
My parents always wanted me to become a better person then they were financially. I hope the same for my own children. That's the GREAT thing about America. Both sets of my eastern European grandparents came over in the early 1900's without a pot to piss in and were poor coal miners.
My parents did better than their parents, and I'd like to think we're doing better than ours while still living within our means and saving.
My Grand parents were from Finland and came to the states on invitation and employment by the US Government. To herd reindeer in Alaska on a rescue mission during the Klondike gold rush. Yes, they were reindeer herders that were poor, given an opportunity that could change thier lives.