While I'm still in my mid-20s and have no kids of my own, I can speak for the way I was raised. My two parents are very different in handling their credit. My dad is irresponsible with money (on top of not making enough) and has filed BK twice, while my mom is great at budgeting and paying bills on time. She even manages to save despite not making much either. Neither one really talked to me about credit, mostly cause neither knows much about it other than to pay your bills on time. I basically learned all this credit stuff myself through trial and error and of course with the wealth of knowledge here. I'm still learning every day, and it's thanks to this forum that I've been able to rebuild and improve my score. I took the good I saw at home and ignored the bad as far as how my parents collectively managed their finances.
As far as my opinion on parents managing their kids' money, I'm with the majority. Support them and guide them while they're still under your roof, but stop at 18 unless there is some medical/disability reason to continue past 18. I like the idea of parents who lay the groundwork and sit down and have a finances talk with their children, and once their kids move out they stay out of their finances unless they ask for advice (but still that doesn't mean take over the kids' bank accounts/budgeting). When I have kids, that's the approach I want to take.
As far as my opinion on parents managing their kids' money, I'm with the majority. Support them and guide them while they're still under your roof, but stop at 18 unless there is some medical/disability reason to continue past 18. I like the idea of parents who lay the groundwork and sit down and have a finances talk with their children, and once their kids move out they stay out of their finances unless they ask for advice (but still that doesn't mean take over the kids' bank accounts/budgeting). When I have kids, that's the approach I want to take.
