Ok....this is heavy stuff for parents...
Do you think your role as a parent is to educate your child until he has all the necessary qualifications to make a decent living then leave them to stand on their own 2 feet? The rest of the savings you have after which is for you to spend on your own stuff!
Would you buy saving plans, whole life insurance (with money back guarantee) and even at the later stage put aside fixed deposits for them to use? That is you will still be careful with your cash and leave them a heritance to 'die' for!
I have talked to a few parents about this and (surprisingly) the mixture of parents in both groups are about the same!
I reckon it was how our parents dealt with us that makes us work the same way! But if you are from one group, are you changing sides now?
What is your take on this issue?