How Grandparents Can Help Their Kids to Raise Financially Responsible Grandkids

Your job isn’t to spoil your grandchildren, it’s to spend quality time with them, teach them and lead by example. Try these three tips for a healthy relationship as a friend and money mentor.

A grandfather plays with his grandkids.
(Image credit: Getty Images)

As grandparents, we know that our adult children are shocked that we were able to raise them and that they have lived long enough to talk about how lame their upbringing was. My daughter would give me copious instructions on feeding a baby when I watched her kids: my grandchildren. I quipped, when she handed me her homemade baby food with a small spoon and a bib, that, “Oh, I have to give her baby food? I just used to leave a bowl of Cheerios on the floor for you kids when you were young and let you eat next to the cats.”

Grandparents Beware: You Mess Up All the Time … Just Ask Your Kids

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Neale Godfrey, Financial Literacy Expert
President & CEO, Children's Financial Network Inc.

Neale Godfrey is a New York Times #1 best-selling author of 27 books, which empower families (and their kids and grandkids) to take charge of their financial lives. Godfrey started her journey with The Chase Manhattan Bank, joining as one of the first female executives, and later became president of The First Women's Bank and founder of The First Children's Bank. Neale pioneered the topic of "kids and money," which took off after her 13 appearances on "The Oprah Winfrey Show."