Many people use Sinking Funds (SF) and others don’t know what they are. Chances are if you read about personal finance or
Now they can entertain themselves, and they only need you for food, a cell charger, and your PayPal account login. But they overspend on cell data, shop too much, and jack your car insurance. This too can be addressed and planned for. It's time to start teaching them to save and set up a bank account for them, if you haven't already.