I'm new to this forum. Thank you in advance for reading this post.
I just had a discussion with my 20 year old son, and am at odds as to what to do with information. It has left me doubting our choices in how we finance this young man.
Briefly, he lives at home and commutes to a community college. He uses our car, we insure it, and usually gas it up. He attended a university and stayed on campus, but this year found himself not able to finance his second year. We offer a contribution of $7500 yearly and he's responsible for the rest. Now he's resentful that we don't pay the whole thing, buy him a car of his own, and insure it, and be prepared to help him with his future. He said we haven't properly saved for him.
This discussion evolved because my husband received a bonus and want to take a vacation at the end of April and invited both my older sons to come along. This particular son is upset because we would choose to spend our money on that rather than save to help him??? He's upset that we bought ourselves new furniture and not help him more. I don't know, but I'm thinking maybe we should have helped him more. But, he has full use of a car, we've paid all his community college tuition, insure the car, books, fees, etc. He does have a loan he took out for university tuition. He's upset he's expected to pay that. He attends school 3 days a week, has a small job. Does nothing around the house. Is fed. Should I be doing more?? Is wrong to buy things for ourselves. He thinks it his birthright to be given all these things. I never did, I worked hard for everthing I have. He thinks his life should be better than what I had.
I have another son in college, he's gotten scholarships, has loans, etc. and I found out he thinks similarily. Yikes. Any advice??