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When she turned 35 and I turned it over to her, she called and thanked me for not giving in. She said, "If I had gotten it when I was younger I would have wasted it. But now we can use it as down payment to buy a house."

By 35, each of my three had bought at least one house with a decent downpayment on their own. I guess everyone has different ideas of what their children need to learn and when. Considering the trajectory of our family life, it has been helpful all around they could deal with their finances by the time they graduated from college but it was pretty much by the end of high school.

Of course, inheritance was never much of our discussions other than not to expect anything. College was our gift to them. And the lessons stuck because the clear message to me has been "spend it all."
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