Giving regular money to your children, especially young adult children is a good way to prevent them from gaining good financial habits of investing and frugality.

I want to be careful about how I pass on my money one day. As I’m approaching becoming a parent, I’m no longer just thinking about building my own wealth but how that can help my children.

My parents did bless me a lot with supporting my passions, especially to do with computers and learning programming etc. and I definitely want to give my kids the opportunity to dive deep into their passion. But at the same time want to educate them on saving, compounding and investing better than my parents did. I wish I’d understood better about investing 10-15 years ago.

Even before we got pregnant I knew I’d need to be saving for education for children.

I think one nice help I’d like to give my adult children one day is money towards their children’s education. “I’ve prepared this for this day. I understand the responsibility as a father to provide the best for your children, take this as a start towards support for yours”

I think this kind of giving is good because it’s once off, has a specific purpose, can be capped appropriately and (hopefully) shouldn’t be wasted on immediately gratifying possessions etc