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My parents did it (only about $3k) and my boyfriend back then when I was teenage and stupid was one of those car nuts. So he kept 'borrowing' money he'd pay back when the car was sold, which of course got sold at a major loss because he spent so much fixing it up. The entire time I lived with...

Mmmm, I'd never give a youngster a big lump of cash for no particular reason. It'll just disappear fast. Now, if its going straight on a house (preferably matching their own deposit), that's another matter. Speaking of lump sums, I have a relative on Centrelink who just got an inheritance...

I'm sure you could work it out. I'm aiming more at $1000 a year per kid myself, plus compounding interest. Compound interest is a magic thing. Not sure I'd want to give the kid $100k for their 18th though, I'd rather hang onto the money myself and match any of their own savings to help buy a...