You have as much money as you could ever need or want, there is no question of finances. How do you raise your child without spoiling them nor giving them spartan living? Do you pay for their phone? their phone bill? Do you buy them a car? or let them earn it on their own? Do you pay for college? or let them sort out their own life? What is it okay to give them and what isn't? Sidenote: Let's say they're a perfect child you did everything right and later in their adult life they somehow gain a large amount of debt they are unable to pay off, do you help them?