My parents made it goal that none of us kids would have to come out of college with lots of debt. Even though they didn't have the money, all three of us made it out without debt. (We worked, got scholarships, etc.) I really think that helped all three of us get off on a sound financial footing. (All of us own our homes free and clear and have no other debts. . . . okay my sister and I have debt on rental properties, but we owned our homes before we started that . . .) Anyway, I guess the balance is to contribute enough to help without contributing soooo much that kids loose all sense of what money is . . . Now all I need is a formula for the perfect balance and the money to fund my part. How hard can that be?
