Originally posted by: fleabag
Originally posted by: CPA
And people wonder why I am prepping my kids (ages 14, 11, 9, 6) that once they are 18 that they are out of the house and on their own. I have people comment that I am cruel to discuss these things with my kids. But, I will make sure my kids are ready for the real world and not leeching off of me at every moment I am alive.
edit: ooooo, 15,000 posts. hurray for me.
So if your kid is 18 and 12th grade of highschool has just started, you're going to kick them out?
I am fairly certain that he meant once they are out of high school and either in college or working and paying their way.
I feel roughly the same, but I would extend my support through their entire education; college, graduate school, doctorate, professional school, whatever.
I don't think that financial issues should be a limiting factor in education.
My current plan is to create college funds as soon as I am married. Each child will be allocated an equal amount of money, adjusted for inflation for their undergraduate studies,
which I will control. It will cover tuition, fees, and rent.
If they want internet, cable, or spending money, they will get a job and work for it. Any remaining money after graduation must be used for either further education, house/condo purchase, car purchase, or permanent savings. If they decide to pursue graduate school, they will of course be taking out loans, but I will extend financial support to make the education financially feasible.
If my offspring decide that education is not important to them and they would rather work, so be it. They will support themselves.