My 1st car in highschool was a $200 Ford Taurus. It was a POS but it got me to school and work.
I doubt my kids will get a super nice vehicle but they each have a CD to get them something decent and reliable when the time comes.
IMO; if you REALLY want to help your kids out; fuck the flashy shit, no one needs the new iphone, a cool vehicle or the latest fashion handed to them... what would REALLY benefit them
the most would be graduating college (with good grades of course) debt free!!!
(Not directed at you, Tom... just generally)
My kids can figure out there own vehicles... I'll worry about paying for useful higher education. While "C's" get degrees, "A's" get Dad to pay
Absolutely, and don't think for a minute that my son (or any of my kids) don't work hard. My soon to be 16 year old maintains a 3.95 GPA in honors classes at a very demanding school while concurrently excelling at multiple competitive varsity sports. Seriously, he puts in 14+ hour days and works harder than 95% of the adults I know.
The deal in my house is that school is work. If they perform at the highest level, there are some benefits (one of which is not having to also work a full-time job); if they slack off in school, off to work they go to pay for their own vehicle, insurance, gas, etc.
I worked 40+ hours a week during my junior and senior years of high school. It sucked, and it definitely had an impact on my academics.
I come from a GREAT family, I have 2 very loving parents... parents that sacrificed for us all our lifes. parents that worked there ass off to balance there own education along side work and raising 2 children. I still remember riding in the car with my dad to pick up my mom from Kent State was a special treat because it was past my bed time when I was in gradeschool. And yet she STILL got up, made breakfast and packed us lunches every morning before she went to work and started it all over again... I've worked FULL time since the day I turned 16, Literally got my first "real" job the day before my 16th birthday. I worked at the Grocery store 5hrs every day after school and weekends, then after HS, automotive shops & waiting tables for about 2 years, then Home Depot all though college... I was able to support myself and buy the books, tuition was the killer; I didn't have a choice I was not going to keep working these shit jobs all my life. If my parents taught me anything, it was certainly "I CAN do this" I still made the deans list nearly every semester, graduated with honors, and 6 years later I'm STILL paying for the loans... my point above still stands.
If you have the finances to give your children everything, that's great for you. I hope you&they are smart enough to realize that not everyone is so lucky and that alone doesn't make you/them any better than anyone else. Hard work, dedication and determination is what it takes.