Setting up a college fund for your kid is a great idea to give them a head start in life. However, if you haven’t taught them many financial literacy skills, they might end up wasting a good portion of the hard-saved cash on frivolous pursuits. And the question is, do you, as a parent, owe them a second fun once they realize they’ve made a mistake?
One dad turned to the internet to get a verdict on his decision not to pay for his son’s tuition anymore after he had already used his college fund to travel. Scroll down for the full story and to read the mixed thoughts various people had to share with the man.
