Well life is not that much easy to live.Though we say that life is beautiful and all,but not that much easy.

Till our children get to that position,where they can earn,till that we have to their future.

So,for that we need a long term plan.

Giving them a good grounding is our duty and responsibility.But once they are able to stand on their feet they should try and be independent and learn the value of hard work and money.i have seen many cases where rich parents spoil their children and the result is that they become anti social, no respect for the nations legal system and think that money van buy everything...

You are correct,Control on our children should be there.We should never make them realize that the money is open for them and anytime they can use it.Discipline should be there.

Some children have self control they know the limits of their parents and act accordingly.

Some smart children try to help their parents even before they complete ther education by doing different jobs, like most of the bright students give tuition to meet out their own expenses.

But some people try help their parents by doing hardwork but their hard work won't be enough for them to take care of their parents

Actually many people start saving once they get kids. Isn't it?