You also need to teach your kids how to do the basics of living. Cook, clean, do basic maintenance and repairs on everything, the virtues of showing up and on time and how to say no.
I will not say that time was all fun and games but it taught me a lot.
Now I hear about young people at the university who have no idea how to put gas in their car and I wonder how they will manage to survive.
THE AAA ad with the 5 kids in a car that has a flat tire makes me want to kill them all.