Giving Financial Gifts to Grandchildren

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helping grandchildren

i am a widow on a fixed income i was always taught to save for a rainy day my grandson goes to college out of state my daughter a single mom does a wonderful job paying over27thousand dollars a year thats when i comein i gave him a charge card for book gas etc also every few weeks i send cash to his acct.i am blessed he is a wonderful man of 20 who calls his beeba 2x aweek because i have been ill i wish i could do more i have trust et up for them .grandaughter not in college yet

jean of NY @ Jul 21, 2009 06:39:51 AM

Gifts to grandchildren

My wife and I cover the fees for our 5 grandchildren for school sports, music and dance lessons, etc. I can remember not being able to participate as a child due to lack of money,(too many mouths to feed, and too many dollars over the bar). We also let the grand kids earn money by doing chores when they visit, and try to instill the wisdom of saving a percentage of whatever they earn, for long term as well as short term goals.

The older ones have already figured out the Grandma & Grandpa would not be able to pay for these things if they hadn't practiced what they preach.

dslong of WI @ Jul 20, 2009 14:45:51 PM

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