Quote:
Originally Posted by hulkrogan
I agree with most of your post, but RESP? Screw that. School is cheap in Canada. Kids can get a job and learn what it is like to pay for something instead of having it handed to them, maybe avoiding future money mismanagement.
If you let your kids live at home while they go to school it isn't very hard to graduate debt free. I'm proud of paying my own way through school, and I'm the one that reaped the rewards of going, so why shouldn't I pay? I don't care how much money I have, I'm making the little pukes pay. No free cars, no free school, they will learn like dad that you don't just ask for money and get it, and your problems go away. You have to earn it before you spend it.
|
Probably the best lesson you could teach them, then, would be to put the minimum amount of money in an RRSP to get the maximum government contribution. Never say no to free money.