Deciding when to stop giving your kids money is a personal decision that can vary depending on various factors such as their age, financial responsibility, and individual circumstances. However, it is generally recommended to gradually reduce financial support as children grow older and become more independent.

One common approach is to start teaching children about money management and financial responsibility from an early age. As they grow older, they can take on more responsibility for managing their own finances. For example, you might give them a small allowance and encourage them to budget and save for things they want.

As children enter their teenage years, it can be beneficial to introduce them to part-time jobs or other ways to earn money. This helps them develop a strong work ethic and understand the value of money. They can start contributing to their own expenses, such as clothing or entertainment, while still receiving some financial support from their parents.

By the time children reach young adulthood, around 18 to 21 years old, it is generally appropriate to gradually decrease or completely stop giving them regular financial support. At this stage, they should have acquired basic financial skills and be capable of managing their own expenses.

Of course, every situation is unique, and there may be exceptions. For instance, if a child is pursuing higher education, parents may choose to continue providing financial assistance until they complete their studies. Additionally, unexpected circumstances such as health issues or temporary unemployment may require ongoing support.

It's important to remember that financial independence is a gradual process, and parents should provide guidance and support as their children transition into adulthood. Open communication about money matters and ongoing discussions about financial responsibility can help both parents and children navigate this transition successfully.

References:

1. Smith, J. (2018). Teaching Kids About Money: An Age-by-Age Guide. Retrieved from https://www.parents.com/kids/responsibility/money-management/teaching-kids-about-money-an-age-by-age-guide/
2. Financial Independence for Teens: Ages 14-18. (n.d.). Retrieved from https://www.moneyconfidentkids.com/content/dam/money-confident-kids/PDFs/Financial-Independence-Teens-14-18.pdf