I think this is the best decision you have made, these children will thank you when they reach their established age. I plan on doing something similar to this soon for my daughter who is 2, I won't be able to do it on $50 a month but I hope to start soon.
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The more I think of it the more I think it is a good decision. Their friends at that age will probably have money to buy some piece of junk car but if things play out the way I hope it will...buying a car won't be a problem for those two :P
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