Our son has a small inheritance that is equivalent to an emergency fund from grandparents. We won't give it to him until he's 25. I don't want the money used to bail him out or to meet daily needs. I want it to be a blessing, and for him to learn the value of a dollar.
After finally getting a job yesterday, he's on his way! He's been either over-qualified or under-qualified. At the last place he interviewed for a $10hr job, didn't get it, but his info was sent to another dept. After that interview, he was offered another job at $16/hr and they said he would probably be taking a lead position and moving up quickly. We are beyond ecstatic. Thankfully he had saved a lot of money during BMT and tech school training for the Guard and was able to live off that 4-5 months while applying for jobs.
"His" money is not enough to make a significant difference in our net worth although it IS in our name until we give it to him. 😊