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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Let it go.
We have rich relatives who are very generous as well.  My kids say thank you - write thank you notes - clear out their old stuff and donate etc.  
We talk about how fortunate they are and how the relatives are self made - and how the relatives lived before they were successful.
They know it is generous to get a sweatshirt that costs $175 (my 14 YO just got an "Aviator" brand as a birthday gift) and that this is not something that we could do.  We also talk about what that amount of money could do for others so they understand what we value.
My oldest is in 10th grade and we sat down to talk about college and how we have saved and made choices to support him so that he will not need to consider finances when deciding what the right school is for him.
Next year he will get a car.  He proposed a used Honda as an option.[/quote]

I don't think you get this situation.  We aren't talking about a car or an expensive shirt.  They will inherit millions...as in- won't have to work. [/quote]

This is OP (not a pp) - but that’s my worry also, at that age I thought $100k was a HUGE salary and with millions you’d never have to work.  And I was “financially literate” - I just had no concept of how much decisions cost (like living close for a short commute vs way out in the burbs, paying for private school for a child with LD, traveling for a family of 5 vs a backpacker of 1).  So by the time I realized that $5m wasn’t enough to live it up forever, it’d be too late to pursue the long term career I’d have gone after at 22[/quote]

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