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Money and Finances
Reply to "Would you say I am poor?"
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[quote=Anonymous]You are not poor, but as a single parent you will find your money does not go as far as you expect. I think your plan to give him the entire inheritance at age 21 is ill-thought out. Firstly, it is not affordable and you would be better off spending that money on some of the things he needs over the next two decades. Secondly, in my experience handing people a large chunk of cash at age 21 does not do them much good in the long run. A great education and stable, loving environment to grow up in are the best inheritance a child could ask for.[/quote]
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