I didn't mention that I put the money in a savings account. If my son would go to college I would gladly pay for it. Instead he spends all of his money on a 20 year old mustang and doesn't save for the future.

As for my younger son, I handed over my "baby" a 2011 BMW last year and now I'm having to buy it a new engine. My kids are spoiled. I admit. We are making him pay for some of it!