If you're in an area where real estate is falling, there's nothing wrong with renting.
Most kids grow up and everything's taken care of for them, and they have no idea what money is used for.
If you have two cars, drive the one that you own into the ground and lease the other one.
People ask me, 'Is it better to marry your money type or the opposite? It's probably better to do the opposite. There's some conflict, but there's also some brakes and an accelerator, as opposed to having all brakes or all accelerator if you're the same.
I would start with like $5 and go up each year an additional dollar based on their age.
Insurance is one thing you buy that you hope you will never use. Protect yourself against disaster. Get the biggest deductible you can stomach to keep your premiums low.
Plan to finance your own retirement, help your parents and fund your children's education.
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