When kids 18 / graduated, what type FA do you provide ?

My daughter’s in college now. We use a 529 to cover university costs that aren’t met by her scholarships. We pay her rent on an apartment, car payment and insurance. She worked in high school and saved up for other expenses, like grocery, gas and sorority fees. I kick her a little here and there for fun money.

My son will be in college in three years. Plan on doing the same for him.

Not saying this is what you should do, just the way we do it.

For college I paid 1/3, ex paid 1/3, they paid 1/3. I wanted them with skin in the game

After college I let them live at home rent free first year to save $ to either pay off their college debt and/or down payment of a home.

After that, all verbal

For example, each birthday/Christmas when they ask what I want, I tell them to fully fund their Roth IRA for the year and don’t get me jack, best gift they can give me is knowing they will be financially set

21 yearold , nothing changed, they are a student and id rather her focus on school instead of working to survive.

It’s kind of all of the above?
We support our kids a lot even though they are in college.

Our daughter is a Senior in high school. She's going to Junior College to play ball in the fall. Her scholarship covers tuition/books. We will pay for her apartment (no on-campus housing), utilities, groceries, etc. With their schedule she will not have time to work. She is working at church/babysitting now and saving what she can. We don't just give her an infinite amount of money though. She gets paid a set amount 2x a month, just like we do, and she has to budget it out for the month. If she runs out, it's on her. As long as she keeps good grades, we will continue to support her thru undergrad. She is planning on med school, that's on her.

quote:

---

He wants “stockings” haha.
I’ll gladly talk investments with him and hope to bounce ideas off one another in a few years.

---

Get ready to buy some Cocomelon, Blippi, and Disney stockings

That was 20+ years ago.

quote:

---

I’m not really interested in crippling my kids with tens of thousands of dollars of debt if it’s not necessary.

---

Same here. My wife & I are looking to save enough for undergrad and are talking about making sure they have enough for grad school as well. Trying to figure out what to do with the savings if they decide against the college route. I'm leaning towards downpayment on house and other necessities; she's worried if it gets too big it may encourage them to not go the college route.

Start early with a 529 or whatever it is…

Wish I would have. Mine has tops , and we share student loans. Not the wisest financial choice (taking out student loan for child), but didn’t want her having more than $15k ish in loans after.

My kids are still younger, but more than a dollar amount, they will understand my financial philosophy. Scholarships are out there, and that is goal #1. I will not pay out of state tuition, inflated Ivy League tuition, or any other poor educational investment. I'd rather pay $20k a year for one of my struggling kids to make it through a state school than even $20 to an out of state school for no reason.